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Can the interest on the IOU be under the signature?
I can't. It is illegal to add interest under the signature, which violates the basic principles of the contract and will be considered as invalid. If interest is added to the signature, it will lead to ambiguity and misunderstanding of the loan, which will lead to unnecessary disputes. The interest of IOUs should be clearly stipulated above the signature or in the IOUs text, so the interest of IOUs cannot be below the signature.