We will have a right triangle that is formed by a hypotenuse of 4001.2 miles, a leg of 4000 miles and the other leg = sqrt [ 4001.2^2 - 4000^2]...(this leg = the greatest distance you can see from the balloon to the point where this leg is tangent to the Earth's circumference )
The arc measure can be found as
arctan ( sqrt ( 4001.2^2 - 4000^2 ) / 4000) ≈ 1.4°
[This doesn't sond like much because your height above the Earth's surface isn't very great ]
