Solve the problem.By completing the first two months of the amortization schedule for the following fixed rate mortgage, determine the payment on the principal in the second month.Mortgage: $152,800Interest rate: 9.5%Term of loan: 25 yearsAmortization SchedulePayment    Total   Interest     Principal  Balance ofNumber   Payment   Payment  Payment  Principal  1   ______   _____   _____   _____  2   ______   _____   _____   _____You will need the following table of monthly payments:?Monthly Payments to Repay Principal and Interest on a $1000 Mortgage  Term of Mortgage (Years)

A. $150.00
B. $125.34
C. $1208.67
D. $126.33

Answer: D

Mathematics

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