James and Mary have purchased a house for $150,000. They paid a 30% down payment and will finance the remaining amount at 5.75% for 25 years.

(a) Find the amount of their mortgage.

(b) Find the amount of their monthly payment.

(c) Using the information and results from question 1, find the total interest paid over the life of the loan.

(d) Using the information and results from question 1, prepare an amortization schedule for the first two payments.