Problem $4-30$ Balloon Payments

Amanda Rice has just arranged to purchase a $$540,000$ vacation home in the Bahar with a $30$ percent down payment. The mortgage has a $6$ percent APR compound monthly and calls for equal monthly payments over the next $30$ years. Her first paymi will be due one month from now. However, the mortgage has an eight$-$year ballo payment, meaning that the balance of the loan must be paid off at the end of Year There were no other transaction costs or finance charges. How much will Amand balloon payment be in eight years? $($Do not round intermediate calculations and rou your answer to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

Balloon payment $$$343,056\mathrm{.}20$