Question $5$

$3$ pts

Molly borrows $$350,000$ from the bank at $6\mathrm{.}00\%$ interest per year over a $30-$year period. She can make payments of $$2,000$ at the beginning of each month over the life of the loan and would like to make a balloon payment at the end of the $30-$year period. What would be the size of the balloon payment?

$($$$31,954)$

$($$$75,588)$

$($$$88,826)$

$($$$271,738)$