Question: use value factor table to solve. Donald Fowler borrowed 594.680 on March 1.2023. This amount phas accrued interest at 10% compounded semiannualiy is to be
Donald Fowler borrowed 594.680 on March 1.2023. This amount phas accrued interest at 10% compounded semiannualiy is to be repaid March 1.2038. To retire this debt. Donald plazs to contribute to a debt retirement fund fve equal amountsstarting on Mareh 1. 2028 , and for the next 4 vears. The fund is expected to earn 9 per anncum. Click here to view factor tabies. How much must be contributed eachivear by Donald Fowler to provide a fund sutficient to retire the debt on March 1,2033? iRound factar values to 5 decimal places, es. 1.25124 and final annver to 0 decimal plocesi eg. 458.583 ) Annual contribution to debt retirement fund
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