For a five-year installment note signed on January 1,2016,at which of the following dates would the carrying value be the lowest?

Name: For a five-year installment note signed on January 1,2016,at which of the following dates would the carrying value be the lowest?
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The carrying value of an installment note decreases over time as payments are made. By April 30, 2020, more payments have been made compared to the other dates, resulting in the lowest carrying value.

For a Five-Year Installment Note Signed on January 1,2016,at Which