Will Hopkins is looking to borrow $1,000,000 over 25 years to purchase a piece of property for his boutique destination resort. At a compound annual interest rate of 5.5% and equal monthly payments, what are the first month's approximate interest and principal portions of the loan payment? Select one: a. $54,522 interest; $19,169 principal b. $4,583 interest; $1,558 principal c. $5,452 interest; $6,140 principal d. Not enough information to calculate interest and principal portions