A company would like to purchase a machine at a cost of $325,000 with a life of 5 years. Their bank is ready to finance 90% of the machine at a rate of 8% per year compounded weekly if they agree to a payment of $5,000 per month and the remaining as a balloon payment at the end of the machine life. What is the balloon they will have to pay?

$69,890

$68,638

$53,328

$46,063

Could you please solve the question in excel and post the steps you used to get the solution? thanks!