Assume the following information for a home mortgage: Original loan amount =$160,000 Annual interest rate =6.25% Term of loan =30 years How much principal and interest was paid in the first year, and what is the principal balance on the loan after one year? $2,694.15 of principal; $9,948.68 of interest; balance due $158,188.17 $1,874.89 of principal; $9,946.91 of interest; balance due $158,125.11 $1,821.27 of principal; $9,939.25 of interest; balance due $158,032.02 $2,694.15 of principal; $9,066.33 of interest; balance due $157,305.85 $1,714.13 of principal; $9,122.49 of interest; balance due $158,285.87