Your mortgage has 26 years left, and has an APR of 7.898% with monthly payments of $1.449. a. What is the outstanding balance? b. Suppose you cannot make the mortgage payment and you are in danger of losing your house to foreclosure. The bank has offered to renegotiate your loan. The bank expects to get $143.818 for the house if it foredoses. They will lower your payment as long as they will receive at least this amount (in present value forma). If current 20-year mortgage interest rates have dropped to 5.134% (APR), what is the lowest monthly payment you could make for the remaining in of your loan that would be attractive to the bank? a. What is the outstanding balance? The outstanding balance is $ (Round to the nearest cont.)