Need some help with thus question

You just borrowed $900,000 using a 25 yeat home loan that's interest-only for the first 2 years, and principal and interest (P\&d) for the remaining 23 years. The interest rate is 4.8% pa compounding monthly which is not expected to change. Which of the following statements is NOT correct? Select one: a. The effective monthly rate is 0.0004 per month, given as a decimal, if the interest rate falls, the 10 and P&4 monthly payments will fall. b. If the IO term was one year shorter so the P\&l term was one year longer, then the monthly payments over the P\&d term would be lower. c. The 10 loan's perpetuity factor' is 250 , while the P\&l loan's annuity factor is 166.931709.x d. The 10 loan payments will be $3,600 per month, rounded to the nearest cent. e. The P\&l loan payments will be $5,391,43 per month, rounded to the nearest cent. The correct answer is: The effective monthly rate is 0.0004 per month, given as a decimal. If the interest rate falls, the iO and P\&al monthly payments will fall