Answer:
409,461.10
Step-by-step explanation:
Present value = Annuity value * [1 - (1/(1+r)^r)] / r
Present value = 800 * [1 - (1/(1+0.0535/12)^25*12)}/0.0535/12
Present value = 132196.0205
Remaining balance = Total loan - Present value of monthly payments = 240,000 - 132196.0205 = 107803.9795
Future value = Cash flow * [1 + Interest rate/Number of months)^Time period
Future value = 107803.9795*[1+0.0535/12]^360
Future value = 409,461.10
Note: Balloon payment mean final payment made by the borrower after the end of partial amortization over the time period of the mortgage