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To write a Promissory Note, use the provided template and follow these steps: Start by entering the borrower's name at the top (e.g., JOHN DOE). Next, fill in the borrower's address (e.g., 123 EXAMPLE STR, UNIT 1, NEW YORK, NY 12345), phone number (e.g., 123-456-7890), and email (e.g., borrower@example.com). Select the document date. Then enter the lender's name (e.g., LENDER EXAMPLE LLC) along with their address (e.g., P.O. BOX 123, MIAMI, FL 12345), phone number (e.g., 111-222-3333), and email (e.g., lender@example.com). Specify the Principal Amount (e.g., $10,000.00), the effective date of the note, and repeat the Principal Amount. Finally, enter the interest rate (e.g., 3.75%).
