A chiropractic student receives a 10-year PLUS Loan for $50,000 to complete the last 2 years of the program. If the interest rate of the loan is 4.73% and the student begins repaying the loan 2 years after graduation, calculate the APR for this loan. (Assume the loan has a deferred payment plan. Round your answer to the nearest hundredth of a percent.) A chiropractic student receives a 10-year PLUS Loan for $50,000 to complete the last 2 years of the program. If the interest rate of the loan is 4.73% and the student begins repaying the loan 2 years after graduation, calculate the APR for this loan. (Assume the loan has a deferred payment plan. Round your answer to the nearest hundredth of a percent.)