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$)$

Group of answer choices

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