You need a 25-year, fixed-rate mortgage to buy a new home for $190,000. Your mortgage bank will lend you the money at a 9.1 percent APR for this 300 -month loan. However, you can afford monthly payments of only $850, 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 $850? $89,533.7 $68,648.6 $898,074.55 $837,627.23 $863,533.22