An adjustable-rate mortgage resets every year. For the first year, the index rate is 3.3% and the margin is 2.9%. The loan is for $200,000 and has a term of 30 years. How much is still owed after the first year (assume that the twelve required payments have been made)? Choose the answer that has been rounded to the nearest dollar.

194,818

198,765

197,634

194,311

196,048