Question $15$

$5$ pts

SBB$,$ Incorporated, acquired a office building on January $1,2025.$

In payment for the $$5\mathrm{.}6$ million building, SBB issued a four$-$year installment note to be paid in four equal payments of $$1,766,634$ at the end of each year.

The payments include interest at the rate of $10\%.$

Required: What is balance of the note payable at the end of year $2?$