You need a 20-year, fixed-rate mortgage to buy a new home for $190,000. Your mortgage bank will lend you the money at a 8.6 percent APR for this 240-month loan. However, you can afford monthly payments of only $950, so you offer to pay off any remaining loan balance at the end of the loan in the form of a single balloon payment.

How large will this balloon payment have to be for you to keep your monthly payments at $950?

My options are

81324.59

437840.69

469437.44

451382.15

64640.23