If a buyer pays off an interest-bearing note at maturity, Interest Income would increase for the buyer.

Name: If a buyer pays off an interest-bearing note at maturity, Interest Income would increase for the buyer.
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Interest Income is earned by the lender, not the buyer. When a buyer pays off an interest-bearing note at maturity, it means they are repaying the principal and interest owed to the lender. The buyer does not earn Interest Income from this transaction; instead, the lender does.

If a Buyer Pays Off an Interest-Bearing Note at Maturity