Installment notes payable that require periodic payments of

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Installment notes payable that require periodic payments of accrued interest plus equal amounts of principal result in:

  • Periodic total payments that gradually decrease in amount
  • Periodic total payments that are equal
  • Periodic total payments that gradually increase in amount
  • Increasing amounts of interest each period
  • Increasing amounts of principal each period

Reference no: EM13480592

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