Promissory notes that require the borrower to make a series of periodic payments consisting of interest and principal are:
A) Debentures.
B) Simple notes.
C) Installment notes.
D) Investment notes.
E) Indentures.

Question

Quizplus · Accepted Answer

Installment notes require the borrower to make regular payments that include both interest and principal, reducing the loan balance over time.

Promissory Notes That Require the Borrower to Make a Series