written explaination please

MY NOTES PRACTICE ANOTHER We consider a private student loan at 6.49%, but the rate for such a loan could be as high as 12.995. With $10,000 principal, interest-only repayment, and at the higher rate, how much interact would you pay over 53 months of deferred payments on the principal? $ MY NOTES PRACTICE ANOTHER We consider a private student loan at 6.49%, but the rate for such a loan could be as high as 12.995. With $10,000 principal, interest-only repayment, and at the higher rate, how much interact would you pay over 53 months of deferred payments on the principal? $