How is the beginning value for the second year got from the table below

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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How is the beginning value for the second year got from the table below
Year
Opening BV Interest Payment Closing value
400000
1
400000
32000 120768.3
311232
2 311231.678 24898.5 120768.3
215362
3 215361.891
17229 120768.3
111823
4
111822.52
8945.8 120768.3
Transcribed Image Text:Year Opening BV Interest Payment Closing value 400000 1 400000 32000 120768.3 311232 2 311231.678 24898.5 120768.3 215362 3 215361.891 17229 120768.3 111823 4 111822.52 8945.8 120768.3
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