P6-42 Calculating Loan Payments (LO2] You need a 25-year, fixed-rate mortgage to buy a new home for $220,000. Your mortgage bank will lend you the money at a 8.1 percent APR for this 300-month loan. However, you can afford monthly payments of only $800, so you offer to pay off any remaining loan balance at the end of the loan in the form of a single balloon payment. Required: How large will this balloon payment have to be for you to keep your monthly payments at $800? Multiple Choice $917,425.87 0 $882,140.26 $855,676.05 0 $98,409.71 0 $17,232