complete both 7 and 8 place

7. An investor obtains a balloon mortgage with the terms shown below. Balloon Mortgage $530,000 30/7 balloon 6.8% annual rate What is the monthly payment on this mortgage? (3 points) O $3,455.20 53,678.58 C $6,738.57 $7.947.40 8. A mortgage has the terms shown below. Balloon Mortgage $200,000 15/4 balloon 7% annual rate Initial Monthly Payment: $1797.66 What is the amount of the balloon payment rounded to the nearest dollar? (4 points) $192,063 O $113,712 $165,164 $166,127