FIN. ACCT.-TOOLS FOR BUS.DEC.MAKING-CODE
FIN. ACCT.-TOOLS FOR BUS.DEC.MAKING-CODE
9th Edition
ISBN: 9781119595724
Author: Kimmel
Publisher: WILEY C
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Chapter 10, Problem 27Q
To determine

Installment note

Installment note is an obligation in which the defaulter needs to repay the investor total amount including the principal, and interest on certain terms and conditions in a series of periodic payments.

To Explain: The important aspects of installment note.

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