ou take out a 25-year mortgage for $300,000 to buy a new house. What will your monthly payments be if the interest rate on your mortgage is 8%? What portion of the 48th monthly payment will go towards paying the interest and the principal?

	a.	$2,415.48. Interest = $1,984.37 and Principal = $431.08
	b.	$2,515.48. Interest = $1,984.37 and Principal = $531.08
	c.	$2,315.48. Interest = $1,884.37 and Principal = $431.08
	d.	$2,615.48. Interest = $1,984.37 and Principal = $631.08