One Hundred Identical Mortgages Are Pooled Together into a Pass-Through

Multiple Choice

One hundred identical mortgages are pooled together into a pass-through security.Each mortgage has a $150,000 principal, a fixed annual interest rate of 8 percent (paid monthly) , and is fully amortized over a term of 30 years. What is the monthly payment on the mortgage pass-through?

A) $100,000.
B) $110,065.
C) $12,000.
D) $12,000,000.
E) $80,000.