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Student Loans Willie Wilson plans to borrow $ 3 6 , 9 4 0 at the beginning of each of his 5 years of college.

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Willie Wilson plans to borrow $36,940 at the beginning of each of his 5 years of college. He will repay the loan in 14 equal annual installments at the end of each year starting one year after he graduates. If the interes rate is 11.53%, how large will the installments be? Interest will accrue on Willie's loan while he is in college.
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