SoulEyes Photography
*SoulEyes Photography>>>Wedding Photographer

Need help figuring interest and payments for a short term loan.?


I am a wedding photographer and one of my clients is now in breech of contract for nonpayment. I have no use for her pictures and would prefer to have my $$. In my contract I financed interest free for 4 months with payment due before wedding. Bride had sob story and I extended for two month. STILL no money two month later. I am now sending her a Consumer Loan Agreement with interest. I have never done this and can not figure what the payments plus interest will be. HELP!

The principle is $1318.07. The interest is 19.99% and there will be three payments starting Sept 30, Oct 15 and Oct 30.

Any sharp financial types out there able to help a photographer out?

If 19.99% is your APR then 527.18 would be the 3 monthly payments.


EDIT:
Your picture looks very familiar. Near Bloom?
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