Mike has just arranged to purchase a $400,000 vacation home in the Bahamas with a 20 percent down payment. The mortgage has an 8 percent stated annual interest rate, compounded monthly, and calls for equal monthly payment over the next 30 years. His first payment will be due one month from now. However, the mortgage has an eight-year balloon payment, meaning that the ballance of the loan must be paid off at the end of year 8. There were no other transaction costs or finance charges. How much will Mike's balloon payment be in eight years?? 请各位帮忙一下吧...请高手帮小弟解题一下... 非常非常感谢啦... --

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