By completing the first two months of the amortization schedule for the following fixed rate mortgage, determine the payment on the principal in the second month.
Mortgage: $131,000
Interest rate: 9.5%
Term of loan: 25 years 
You will need the following table of monthly payments: 
A) $1036.23
B) $108.31
C) $107.46
D) $128.60
Correct Answer:
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