Mitch is attending a 4-year college. As a freshman, he was approved for a 10-year, federal unsubsidized student loan in the amount of $8,100 at an APR of 4.29%. Mitch 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?