Upon completing your FINA 377 course, you decide to venture into real estate investment business. You find a property next to NEIU campus with an attractive sales price of $1,000,000. Your banker, Faruk Daudbasic, gives you a 70% loan to value (i.e. $700,000 loan) from First Eagle Bank for a term of 25 vears. Interest rate is 7.00%. You anticipate to save $640,000 after 5 years, which you'd like to use to pay off the subject loan. Will you be able to pay the loan off completely?