IOU for Shared Expenses
IOU for Shared Expenses (I OWE YOU)
Date: September 2, 2054
Issuer (Lender):
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Name: John Smith
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Contact Information: john.smith@email.fict, 222 999 0000
Recipient (Borrower):
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Name: [YOUR NAME]
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Contact Information: [YOUR EMAIL], 222 555 7777
Expense Details:
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Event/Trip Description: Weekend trip to Lakeview Resort
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Total Expense Covered by Issuer: $600.00
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Individual Share: $150.00
Amount Owed:
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Total Amount Owed: $150.00
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Interest Rate: 5% per annum
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Amount with Interest: $157.50
Repayment Terms:
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Repayment Due Date: October 2, 2054
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Payment Method: Bank transfer to John Smith’s account
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Additional Terms: If repayment is not made by the due date, a late fee of $10.00 will be added.
Acknowledgment:
By signing below, the recipient acknowledges that they owe the specified amount, including any applicable interest, and agree to the repayment terms outlined above.
Signature:
John Smith
Lender
[YOUR NAME]
Borrower
Notes:
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Ensure all details are filled in accurately.
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Keep a copy of this IOU for your records.
