Which of the below statements is NOT correct? All answer options are rounded to 2 decimal places as is the table above.

Select one:

a. The interest component at month 61 is $1,600.00.

b. The principal component at month 61 is $1,948.78.

c. The amount owing just after the payment at month 61 is $798,400.00.

d. The interest component at month 62 is $1,596.10.

e. The principal component at month 62 is $1,952.68.

You borrow $800,000 to buy a house worth $1,000,000. The interest rate is 2.4% pa compounding monthly. The loan term is 30 years with an: -interest-only period for the first 5 years (months 1 to 60 inclusive); switching to -fully amortising for the remaining 25 years (months 61 to 360 inclusive). A loan repayment schedule is shown below, with some parts missing in bold. Loan Repayment Schedule Interest-only for first 5 years, switching to fully amortising for remaining 25 years, interest rate of 2.4% pa paid monthly Liability, Total Interest Principal Time just after payment componentcomponent payment Month $/month $/month $/month $ 0 800,000.00 1 1,600.00 1,600.00 0.00 800,000.00 60 61 a 62 1,600.00 1,600.00 0.00 800,000.00 3,548.78 b 3,548.78 d ? 3,548.78 1,592.20 1,956.58 794,141.97 3,548.78 1,588.28 1,960.49 792,181.47 63 64 356 35.28 357 28.25 3,548.78 3,548.78 3,548.78 3,548.78 3,548.78 3,513.50 14,124.42 3,520.53 10,603.89 3,527.57 7,076.32 3,534.63 3,541.69 358 21.21 359 14.15 360 7.08 3,541.69 0.00