Ms. Smith agreed to purchase a property for $400,000 under the following terms: 80 percent loan-to-value ratio, 7 percent annual interest, and a 20-year loan term with monthly payments. Show your answers to the following two questions using your CCIM excel calculator. a. What would be Ms. Smiths outstanding loan balance at the end of year three? b. What would be the outstanding balance if the interest rate were 3 percent in the above scenario?