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Willie Wilson plans to borrow $39.923 at the beginning of each of his 5 years of college. He will repay the loan in 18 equal
Willie Wilson plans to borrow $39.923 at the beginning of each of his 5 years of college. He will repay the loan in 18 equal annual instaliments at the end of each year starting one year after he graduates. If the interest rate is 10.48%, how large will the installments be? Interest will accrue on Wille's loan while he is in college Numer Response
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