According to some information I found on the internet, the average student loan amount is $39,351, the current interest rate for a direct federal undergraduate loan is 3.73%, and the average length that a student defers the payments is 3 years (rounded off). Suppose that you have a loan that fits this description exactlyyou take out a loan today for $39,351, you defer payments on the loan for three years, then you make monthly payments on the loan at a nominal interest rate of 3.73% compounded monthly for 10 years. Find the amount of the monthly payment.