BrandonLP is borrowing 2 mil cb2 from cb2bank for 10% per week of unpaid balance, due at the end of 3 weeks. At the end of 3 weeks any unpaid balance will be charged a 1.5% per day finance charge. Additionally, the first interest payment of 200k is due in 1 week.
BrandonLP please confirm this. Thank you.
BrandonLP
February 14 2005 6:41 PM EST
Confirmed. Please send to Lumiere.
Money sent. Thank you, BrandonLP.
[Loan Officer] Barron (CB2Bank) 64.12.116.74 BrandonLP (Lumiere) $2000000 6:42 PM EST
This loan is now active.
BrandonLP (Lumiere) 156.110.50.6 [Loan Officer] Barron (CB2Bank) $500000 -- 500k towards loan 10:47 PM EST
Thank you BrandonLP
Balance: 1.5 mil
BrandonLP (Lumiere) 156.110.50.6 [Loan Officer] Barron (CB2Bank) $100000 February 20 2005
BrandonLP (Lumiere) 156.110.50.6 [Loan Officer] Barron (CB2Bank) $180000 -- Meant to pay 200k =) February 18 2005 2:28 PM EST
BrandonLP (Lumiere) 156.110.50.6 [Loan Officer] Barron (CB2Bank) $20000 February 18 2005 2:25 PM EST
Loan: 1,500,000
Payments: 300,000 Thank you.
Balance: 1,200,000
10%: 12,000
Balance due: 1,212,000
This starts week 2 of this loan. Brandon, please post your payments here. Thank you.
Loan: 1,212,000
Payments 900,000 Thank you!
Balance due: 312,000
BrandonLP
February 24 2005 1:02 PM EST
As an honorable player, I'm obliged to tell you that you calculated the interest wrong. 10% would actually be 120,000 rather than 12,000.
Brandon, thank you for noting that error. :)
Loan: 1,200,000
10%: 120,000
Balance: 1,320,000
This loan is paid in full.
Thank you BrandonLP
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