OB/Mitt loan record (in Public Record)

Mitt has generously offered to loan me 4.8 million $CB.

This loan will be 2% per week, compounded weekly.

Mitt will be given for collateral my +5 AoF until I pay off 1.5M of the loan, and I will pay the loaning fees should I need it back. Once I pay off 1.5M, he'll send the collateral back to me (Because he knows/trusts me to be an honest, upstanding, kind, loving, handsome, beautiful person).

After that, 10 weeks will be the cutoff for the deal. I *have* to have paid off the loan in 10 weeks....or Mitt will probably hate me. =(

Confirm here, Mitt, or if I've got any details wrong correct me and then confirm ;)

I confirm, but I'm not sure about the detail on "honest, upstanding, kind, loving, handsome, beautiful person"

=P

Just kidding!

Mitt [t] (Mitts Mule) 71.202.240.77 [OB]OddBird [t] (Bridgeburners) $4800000 2:11 PM EST

4,800,000 * 1.02 = 4,896,000 owed.

I will give a grace period for the next 36 hours in case the loan turns out to be not needed - OB/BBQ has the opportunity to refund the 4.824M with no interest in the next 36 hours (Transfer costs included).

Interest will be applied every Monday at 3 PM EST

Now waiting on the AoF

AoF sent, thanks so much for the loan! I promise to repay it as quickly as oddbirdly possible.

[OB]OddBird (Bridgeburners) 206.148.180.24 Mitt (Mitt) $896000 -- loan repayment 10:19 PM EST

[OB]OddBird (Bridgeburners) 206.148.180.145 Mitt (Mitts Mule) $500000 -- loan repayment 1:44 PM EST

3.5M remaining. I've decided to send back the AoF before I forget in the next payment :)

I appreciate it ^_^

3,500,000 remaining * 1.02 = 3,570,000 remaining.

Total paid: 1,396,000

Effective interest = (1,396,000 + 3,570,000)/4,800,000 = 3.458% interest

[OB]OddBird (Bridgeburners) 206.148.181.59 Mitt (Mitts Mule) $570000 -- loan repayment 10:21 PM EST


3M to go!

[OB]OddBird (Bridgeburners) 206.148.180.232 Mitt (Mitts Mule) $300000 -- loan repayment 4:16 PM EST

My apologies for the small repayment for this week - but I'm leaving and won't be back until Tuesday, late Monday at best. Thanks again for this great loan ^_^

2,700,000 remaining * 1.02 = 2,754,000 remaining.

Total paid: 2,266,000

Effective interest = (2,266,000 + 2,754,000)/4,800,000 = 4.583% interest

QB[OB]OddBird (Bridgeburners) 206.148.180.145 Mitt (Mitt) $154000 -- loan repayment 5:05 PM EST

QB[OB]OddBird (Bridgeburners) 206.148.180.75 Mitt (Mitt) $1600000 -- loan repayment 7:23 AM EST

Because I forgot to update, the interest is being compounded at this moment. It will continue next week on the predetermined time.

1,000,000 remaining * 1.02 = 1,020,000 remaining.

Total paid: 4,020,000

Effective interest: (4,020,000 + 1,020,000)/4,800,000 = 5,040,000/4,800,000 = 1.05 (5% effective interest)

QB[OB]OddBird (Bridgeburners) 206.148.181.125 Mitt (Mitt) $1020000 -- loan repaid! Thanks! 8:12 PM EST

And confirmed! Thanks!