P3.1 The ACME development company financed an office building (10,000,000 with a 15 year 80% loan at a fixed rate of 8.45 per cent with annual payments. The company paid an upfront fee for the right to terminate the loan after year 5 with no penalty. It's now at the end of year 7 and the company wished to payoff the loan; what is the payoff amount that will be due to the lender? P3.2 A loan of CNY 10,000,000 holds a rate of 3.85 per cent and a term of 10 years amortized quarterly. There is a CNY 200,000 penalty for early payment. What is the payoff balance at the end of year 8 ? P3.3 Land Securities borrowed 25,000,000 five years ago at a fixed rate for ten years of 5.80 per cent with annual payments. What is the payoff today-no pre-payment penalty