Question 6 1 pts You have a mortgage with a remaining balance of $160,000 and 200 more monthly payments. The bank charges you 5% APR with monthly compounding on the loan. The current payments are $1,200 per month. Due to covid-19 you have lost your job and need to skip the payments in months 1 to 5.The bank offers you two alternatives. In alternative 1 you will start making payments again, in month 6 but with new payments that take into account the interest the bank charges you over the months you skipped. You would have these new payments in months 6 to 205 In alternative 2. you keep the same payments of $1.200 and make these in months, 6 to 205 but pay a "delay fee" of $100 in month 5 Which alternative is cheaper in present value terms as of month 5 and by how much if you earn 7% on your investments? Go with Alt 1. It is cheaper by $2,618.83 Go with Alt 2. It is cheaper by $545.69 Go with Alt 2. It is cheaper by $2,618.83 O Go with Alt 1. It is cheaper by $545.69