Tell me about it, great eye opener indeed. Thumbs up!!!Jan 2010
Debt # 1 Snowball
Paid 960.00
Interest 58.05
Principal 901.95
Debt # 2
Paid 150.00
Interest 92.51
Principal 57.49
Debt #3
Paid 115.00
Interest 58.72
Principal 56.28
Debt # 4
Paid 200.00
Interest 91.12
Principal 108.88
Debt # 5
Paid 100.00
Interest 62.73
Principal 37.27
Debt # 6
Paid 570.00
Interest 83.19
Principal 486.81
What an eye opener this exercise is !
This amount on hold.1. AMEX $ 2,936.44
The total of the finance charges for the previous period would be interest - the rest would be principal.Paid $88 on the credit card-1.9% interest (not sure how to figure up what was principle and what was interest)