You borrow $80,000 today at an interest rate of 8% (APR). The loan must be paid back in equal monthly installments over a period of 10 years. The SECOND month's payment reduces the principal balance on the loan by: O $446.09 $443.14 O $437.29 $440.20 $449.07 You borrow $80,000 today at an interest rate of 8% (APR). The loan must be paid back in equal monthly installments over a period of 10 years. The lender agrees to lets you make monthly payments of $400 on this loan. What will be the required "balloon payment" at the end of the 10 years? O $104,392.80 O $73,178.41 O $103,178.50 O $81,374.05 O $170,749.63