What is the monthly payment assuming a fixed rate mortgage (FRM) loan is made in an amount of $375,000 at a 6% interest rate for 30 years with a $175,000 balloon payment at maturity? none of the answers are correct $2,248 $2,074 $2,422 Question 8 What is the annual interest rate of a fully amortizing 25 -year fixed rate $185,000 mortgage with a monthly payment of $1,552.51 ? 0.7% 8.0% 9.5%