You have a ten year student loan and you must make equal payments at the end of each month. The balance on this loan is $25,300 and it has an interest rate of 4.24 percent compounded monthly. Assuming you make all the payments on time, how much interest will you pay over the life of this loan? $5,786 $6,685 (C) $7,219 (D) $10,852 $31,086