Windsor Company borrowed € XXXXXXXXXXfrom BankTwo on January 1, 2019, in order to expand its mining capabilities. The five-year note required annual payments of €422500 and carried an annual interest...

Windsor Company borrowed €1625000 from BankTwo on January 1, 2019, in order to expand its mining capabilities. The five-year note required annual payments of €422500 and carried an annual interest rate of 9.00%. What is the balance in the notes payable account at December 31, 2020, after the annual payment?