Business, 04.07.2020 23:01 anayajhughes0603

If a company borrows money from a bank as an installment note, the interest portion of each annual payment will:. a. equal the interest rate on the note times the carrying amount of the note at the beginning of the period.
b. increase over the term of the note.
c. remain constant over the term of the note.
d. equal the interest rate on the note times the face amount.

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