Friday, February 17, 2012

Repayment update #00, Car A

The table below shows my inaugural acceleration of repayments for Car A. "Begin" refers to the beginning balance, "Pmt" is payment, "Prin" is amount of the payment applied to principal, and "End" is ending balance.

Repayment history, Car A
Date Begin Pmt Prin End
13 Feb 12 $3,896 $250 $250 $3,646
15 Feb 12 3,646 102 102 3,544
15 Feb 12 3,544 194 178 3,366

At the current accelerated rate, I should have the debt paid off in full by 14 May 2012, which would be about 16 months earlier than scheduled.

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