You would like to buy a house that costs $350,000. You have 550.000 in cash that you can put down on the house, but you need to borrow the rest of the purchase price. The bark is offering you a 30-year mortgage that requires annual payments and has an interest rate of peryew. You can afford to pay only 23,600 per year. The bank agrees to allow you to pay this amount each year, yet stil borrow 5300,000 At the end of the mortgage in 30 years), you must make a balloon payment that is, you must pay the remaining balance on the mortgage. How much will be this baton payment The balloon payment is (Round to the newest dollar) You would like to buy a house that costs $350,000. You have 550.000 in cash that you can put down on the house, but you need to borrow the rest of the purchase price. The bark is offering you a 30-year mortgage that requires annual payments and has an interest rate of peryew. You can afford to pay only 23,600 per year. The bank agrees to allow you to pay this amount each year, yet stil borrow 5300,000 At the end of the mortgage in 30 years), you must make a balloon payment that is, you must pay the remaining balance on the mortgage. How much will be this baton payment The balloon payment is (Round to the newest dollar)