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Lin took a loan of $ 1 0 0 0 0 from Vancity credit union, the interest rate is 1 2 % compounded monthly. Lin

Lin took a loan of $10000 from Vancity credit union, the interest rate is 12% compounded monthly. Lin plans to pay off his loan in 10 years. What is the amount of interest in the 3rd payment?
111.25
$90.11
$99.13
$89.11
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