How To Calculate Interest On Notes Payable Interest Payable – Guide, Examples, Journal Entries for. – Interest Payable in Note Payable. Interest payable accounts also play a role in note payable situations. For example, XYZ Company purchases a computer on January 1, 2016, paying $30,000 upfront in cash and with a $75,000 note due on January 1, 2019. The interest rate is 10% and is paid on January 1 of each year. On January 1, 2016:

Balloon payments can lower the monthly cost of your vehicle. But it won’t make your car loan any less expensive. And while some people might benefit, make sure you understand the risks – like going upside down or even having your car repossessed.