QuestionOn February 1, the home mortgage balance was $\$ 129,000$ for the home owned by Tom Bryant. The interest rate for the loan is 7 percent. Assuming that Tom makes the February monthly mortgage payment of $\$ 1032$, calculate the following: (a) The amount of interest included in the February payment (round your answer to the nearest cent). (b) The amount of the monthly mortgage payment that will be used to reduce the principal balance. (c) The new balance after Tom makes this monthly mortgage payment.