Question: Your answer is incorrect. Daniel Fowler borrowed $ 9 1 , 8 5 0 on March 1 , 2 0 2 3 . This amount

Your answer is incorrect.
Daniel Fowler borrowed $91,850 on March 1,2023. This amount plus accrued interest at 12% compounded semiannually is to be
repaid March 1,2033. To retire this debt, Daniel plans to contribute to a debt retirement fund five equal amounts starting on March 1,
2028, and for the next 4 y ears. The fund is expected to earn 11% per annum.
Click here to view factor tables.
How much must be contributed each year by Daniel Fowler 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 0 decimal places, e.g.458,583.)
Annual contribution to debt retirement fund $
Your answer is incorrect. Daniel Fowler borrowed $91,850 on March 1,2023.

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