2 Hughes Real Estate Corp. has just arranged for a $1,820,000 mortgage to finance the purchase of an apartment building. The mortgage calls for monthly payments over the next 20 years and has an APR of 8.4 percent. Hughes does not expect to own the building for more than 8 years so they have taken a loan which has an eight-year balloon payment, meaning that the loan must be paid off then. Calculate the size of the balloon payment needed to clear the loan? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) eBook Balloon payment