Jerry borrowed $91,380 on March 1, 2018. This amount plus accrued interest at 8% compounded semiannually is to be repaid March 1, 2028. To retire this debt, Jerry plans to contribute to a debt retirement fund five equal amounts starting on March 1, 2023, and for the next 4 years. The fund is expected to earn 6% per annum.

How much must be contributed each year by Jerry to provide a fund sufficient to retire the debt on March 1, 2028? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to a 0 decimal places, e.g. 458,583)

The annual contribution to debt retirement fund is: $___________

*Please show your work and clearly explain. Thank you