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Tuesday, February 15, 2011

Installment notes payable

Solution is available here for U$0.25

Installment notes payable that requires periodic payments of accrued interest plus equal amounts of principle result in:
A Periodic total payments that gradually decrease in amount
B Periodic total payments that are equal
C periodic total payments that gradually increase in amount
D increasing amounts of interest each period
E increasing amounts of principle each period

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