Problem 6-42 Calculating Loan Payments (LO2) You need a 30 year, fixed-rate mortgage to buy a new home for $305.000. Your mortgage bank will lend you the money at an APR of 6 percent for this 360-month loan. However, you can afford monthly payments of only $1.450, so you offer to pay off any remaining loan balance at the end of the loan in the form of a single balloon payment. How large will this balloon payment have to be for you to keep your monthly payments at $1.450? (Do not found intermediate calculations and round your answer to 2 decimal places,.... 32.16.) Balloon payment