Question: The client is also considering borrowing the $20,000 for his daughters first year of college and repaying the loan over a four year period. Assuming

The client is also considering borrowing the $20,000 for his daughters first year of college and repaying the loan over a four year period. Assuming that he can borrow the funds at a 10 percent interest rate, what amount of interest and principal will be repaid at the end of each year?

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