Wolford Company borrowed $750,000 from U.S. Bank on January 1, 2014 in order to expand its mining capabilities. The five-year, fully amortizing, note required annual payments of $195,327 on December 31 of each year and carried an annual interest rate of 9.5%. What is the balance in the notes payable account after the December 31, 2015 payment is made? O $750,000 $490,059 $625.923 $607.500