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8:53
YouTube
Edspira
How to Account for an Installment Note
With installment notes, the borrower is periodically paying down the principal (in installments) instead of paying the principal with a single, lump-sum payment when the note matures. The borrower makes periodic payments, with a portion of each payment going toward interest and the remainder being applied to the outstanding principal. While ...
3.6K views
Sep 11, 2023
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