Free IOU with Interest

Date: October 7, 2055

Lender Information:

• Name: Janet Smith

• Address: 1643 Diamond Street, Asheville NC 28801

• Contact Information: 222 777 0000 / janetsmith@email.fict

Borrower Information:

• Name: [YOUR NAME]

• Address: 2829 Layman Avenue, Greensboro NC 27406

• Contact Information: 222 555 7777 / [YOUR EMAIL]

Principal Amount:

• Amount Borrowed: $5,000.00

Interest Rate:

• Interest Rate: 8% per annum

Repayment Terms:

• Repayment Date: October 25, 2055

• Payment Method: Bank Transfer to Account Number NCB 80041573 at North Carolina Bank

Total Amount Due:

• 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

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