A common installment note payment pattern is equal interest payments over the life of the loan with the principal of the loan due at maturity.

Name: A common installment note payment pattern is equal interest payments over the life of the loan with the principal of the loan due at maturity.
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A common installment note payment pattern is equal payments (which includes both principal and interest) over the life of the loan with no principal due at maturity.

A Common Installment Note Payment Pattern Is Equal Interest Payments