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Peter took a loan of $15000 from TD bank, the interest rate is 12% compounded monthly. Peter plans to pay off his loan in 10

Peter took a loan of $15000 from TD bank, the interest rate is 12% compounded monthly. Peter plans to pay off his loan in 10 years. What is the amount of interest in the 25th payment?

Select one: a. $120.33 b. $111.21 c. $117.00 d. $132.41

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