You have a standard amortizing mortgage and decide to pay an additional $100 each month. What will be the effect of this additional payment? (Check all that apply)

		It will decrease the amount of time until you fully repay the mortgage
		It will decrease the total interest you pay over the life of the loan
		It will decrease the amount of your next payment
		It will reduce the total principal you pay the bank
		It will reduce the amount of principal you have left to repay