Telut You have agreed to purchase a small piece of real estate today for $650,000. a) Suppose you wish to finance the purchase with a mortgage and the bank indicates it is willing to provide a loan equivalent to 80% of the value, what is the size of the loan? (5 points). b) What is your equity investment? (5 points) c) If the bank is pricing the loan as a fixed rate mortgage with an interest rate of 7%, for 30 years, what is your monthly principal and interest payment? (5 points) d) What is the outstanding balance of loan at the end of year five? (5 points) e) Suppose you expect the property to generate $70,000 in net operating income in year one. What is the net operating income each year if the growth rate is 3% annually? (5 points) Because you borrowed funds, you are obligated to pay it back annually out of the net operating income you calculated in parte What is the annual net cash flow remaining after you pay back the principal and interest calculated in part c? (5 points). ou may use the amortization table in the Excel spreadsheet to find the ding loan balances if required