Loan Repayment Calculation Guide

Summary

If someone owes you $4,000 with a 25% interest rate over 4 months, the total amount owed is $5,000. Verify the written agreement terms, especially regarding interest and repayment timelines. Contact the borrower to discuss repayment, and consider sending a formal demand letter if communication fails. If needed, consult a local lawyer for further action.

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yes there was a written agreement
It seems like you're dealing with a loan repayment issue. Here are some general steps you might consider:
- Verify the written agreement terms, especially regarding interest and repayment timelines.
- Contact the borrower to discuss repayment.
- Consider sending a formal demand letter if communication fails.
- If needed, consult a local lawyer for further action.
Is there anything specific you would like more information on?
please calculate for me
Sure, let's calculate the total amount owed including interest.
- Principal amount: $*,*
- Interest rate: *% over 4 months
Interest = Principal × Interest Rate = $*,* × *.* = $*,*
Total amount owed = Principal + Interest = $*,* + $*,* = $*,*
The person owes $*,* in total.