Question: Mark Fowler borrowed $ 9 0 , 7 0 0 on March 1 , 2 0 2 3 . This amount plus accrued interest
Mark Fowler borrowed $ on March This amount plus accrued interest at compounded semiannually is to be repaid March To retire this debt, Mark plans to contribute to a debt retirement fund five equal amounts starting on March and for the next years. The fund is expected to earn per annum.
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How much must be contributed each year by Mark Fowler to provide a fund sufficient to retire the debt on March Round factor values to decimal places, eg and final answer to decimal places, eg
Annual contribution to debt retirement fund
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