IOU with Interest
IOU with Interest (I OWE YOU)
Date: October 7, 2055
Lender Information:
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Name: Janet Smith
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Address: 1643 Diamond Street, Asheville NC 28801
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Contact Information: 222 777 0000 / janetsmith@email.fict
Borrower Information:
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Name: [YOUR NAME]
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Address: 2829 Layman Avenue, Greensboro NC 27406
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Contact Information: 222 555 7777 / [YOUR EMAIL]
Principal Amount:
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Amount Borrowed: $5,000.00
Interest Rate:
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Interest Rate: 8% per annum
Repayment Terms:
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Repayment Date: October 25, 2055
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Payment Method: Bank Transfer to Account Number NCB 80041573 at North Carolina Bank
Total Amount Due:
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Amount Due Including Interest: $5,033.33 (calculated as Principal Amount plus accrued interest)
Agreement: The Borrower acknowledges the receipt of the Principal Amount of $5,000.00 from the Lender and agrees to repay the total amount due of $5,033.33 including interest on or before the Repayment Date. Both parties agree to the terms outlined in this IOU.
Signatures:
Janet Smith
Lender
October 7, 2055
[YOUR NAME]
Borrower
October 7, 2055
