Installment Notes Payable That Require Periodic Payments of Accrued Interest

Multiple Choice

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

A) Periodic total payments that gradually decrease in amount.
B) Periodic total payments that are equal.
C) Periodic total payments that gradually increase in amount.
D) Increasing amounts of interest each period.
E) Increasing amounts of principal each period.