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4. Wilsons Plan Willie Witson plans to borrow $37,193 at the beginning of each of his 4 years of college. He will repay the loan

4. Wilsons Plan

Willie Witson plans to borrow $37,193 at the beginning of each of his 4 years of college. He will repay the loan in 16 equal annual installments at the end of each year starting one year after he graduates, If the interest rate is 11.52%, how large will the installments be? Interest will accrue on Willies loan while he is in college. Numeric Response

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