How does compound interest affect the loans you undertake? For example, how would this  affect student loans that are currently in deferral?

Personal Finance
13th Edition
ISBN:9781337669214
Author:GARMAN
Publisher:GARMAN
Chapter7: Credit Cards And Consumer Loans
Section7.5: Calculating Interest On Consumer Loans
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How does compound interest affect the loans you undertake? For example, how would this 
affect student loans that are currently in deferral? 

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