Installment Notes To compute cash payment use present value tables.
{"Image DocumentName": "Installment Notes To compute cash payment use present value tables.", "Image ImageDescription": "Interest expense or revenue: Effective interest rate. \u00d7 Outstanding balance of debt. Interest expense or revenue. Principal reduction: Cash amount. \u2013 Interest component. Principal reduction per period. When we have an installment note, a part of each payment is applied to principal and a part is applied to interest. You can see on the screen the way we calculate the interest portion of the payment, as well as the principal reduction.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}