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Current Attempt in Progress Michapl Fowier borrowed 593,920 on March 1, 2023 . This amount...

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Accounting

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Current Attempt in Progress Michapl Fowier borrowed 593,920 on March 1, 2023 . This amount plus accrued interest at 12% compounded semiannualiy is fo be fepaid Mareh.1,2033. Toretire this debe. Michael pians to contribute to a debt retirement fund five equal amounts startini an March 1.2028, and for the next 4 years. The fund is expected to earn 11 perannum. Clickherelo viewfactor tables How much must be contribated deach wear by Michael fowier to provide a fund suathcient to retirethe debt an March 1, 2033? (Round factor values to 5 decimal ploces, es, 125124 and final answer to 0 decimal ploces, es 458.5B3) Ancualcantribution to debe retiretnent fund

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