Assume an Fl originates a pool of short-term real estate loans worth $24 million with maturities of seven years and paying interest rates of 9 percent (paid annually). The loans are amortized. a. What is the average payment received by the Fl (both principal and interest) if no prepayment is expected over the life of the loans? b. If the loans are converted into real estate certificates and the Fl charges a 100 basis points servicing fee (including insurance), what are the payments expected by the holders of the securities, if no prepayment is expected? (For all requirements, enter your answers in dollars not in millions. Do not round Intermediate calculations. Round your answers to the nearest dollar amount.)