Leon borrowed $190,000 on March 1, 2023. This amount plus accrued interest at 8% compounded semiannually is to be repaid March 1, 2033. To retire this debt, Leon plans to contribute to a debt retirement fund five equal amounts starting on March 1, 2028, and for the next four years. The fund is expected to earn 6% per annum . Click here to view factor tables How much must Leon contribute each year to provide a fund sufficient to retire the debt on March 1,2033? (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to 2 decimal places , e.g. 4,585.83 .)

Annual contribution to debt retirement fund