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Please answer all questions: A lender makes a $100,000 mortgage at 10% interest with monthly payments for 30 years. How much principal will be repaid

Please answer all questions: A lender makes a $100,000 mortgage at 10% interest with monthly payments for 30 years. How much principal will be repaid during the second year of the loan?

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A lender makes a $100,000 mortgage at 10% interest with monthly payments for 30 years. How much principal will be repaid during the second year of the loan? Select one: a. $614 b. $1,314 c. $778 d. $774

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