Fast Cash Advance

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?

Tags: And, Figuring, Help, Interest, Need

This entry was posted on Tuesday, June 9th, 2009 at 5:08 am and is filed under Q&A Short Term Loans. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.