I would like to buy a Cessna Citation M$2$ private jet, which costs $$4,700,000.$ I am going to get a loan to make this purchase but I won't agree to any terms that force me to spend more than $$1,000,000$ in interest over the life of the loan $(am$ simultaneously very wealthy yet also a bit of a penny pincher$).$ I am approved for an eight year aviation finance loan at $6\mathrm{.}4\%$ APR, compounded monthly. I am fine with any monthly payment amount. Rounded to the nearest dollar, how large of a down payment should I make so that I can purchase this jet under acceptable terms?

$$1,340,283$

None of these

$$985,284$

$$1,133,125$