You need a 20-year, fixed-rate mortgage to buy a new home for $230,000. Your mortgage bank will lend you the money at a 7.1 percent APR for this 240-month loan. However, you can afford monthly payments of only $950, so you offer to pay off any remaining loan balance at the end of the loan in the form of a single balloon payment. Note: The interest on the loan is compounded monthly. How large will this balloon payment have to be for you to keep your monthly payments at $950? Multiple Choice $433,232.58 $464,496.79 $446,631.53 $108,409.78 $93,183.42