Nolan is attending a 4-year college. As a freshman, he was approved for a 10-year,
federal unsubsidized student loan in the amount of $35,900 at an APR of 4.29%. Nolan
decides to make no payments during the 4.5-year deferment period. After interest is
capitalized at the end of the 4.5-year period, what will his new principal amount be?
O $37,938.20
O $35,302.48
O $40,302.48
O $42,830.50