Is note providing for variable amount of interest

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Reference no: EM131188100

Heidi borrowed $35,000 from Leopold Mortgage Corp. and signed a promissory note secured by a deed of trust on the land she owned. The note provided for interest at "30% over prime to be adjusted monthly." Is a note providing for a variable amount of interest, not ascertainable from the face of the note, a negotiable instrument?

Reference no: EM131188100

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