ActualPaymentTest012
| Day |
Datestamp |
Advances |
Scheduled payment |
Window |
Payment due |
Actual payments |
Net effect |
Payment status |
Balance status |
Actuarial interest |
New interest |
Interest portion |
Principal portion |
Interest balance |
Principal balance |
Settlement figure |
| 0 |
2024-02-02 |
250.00 |
n/a |
0 |
0.00 |
confirmed 97.01 |
97.01 |
extra payment |
open |
0.0000 |
0.0000 |
0.00 |
97.01 |
0.0000 |
152.99 |
152.99 |
| ★ 5 |
2024-02-07 |
n/a |
n/a |
0 |
0.00 |
n/a |
0.00 |
information only |
open |
6.1196 |
6.1196 |
0.00 |
0.00 |
6.1196 |
152.99 |
159.10 |
| 20 |
2024-02-22 |
n/a |
original 97.10 |
1 |
0.00 |
n/a |
0.00 |
nothing due |
open |
18.3588 |
18.3588 |
0.00 |
0.00 |
24.4784 |
152.99 |
177.46 |
| 49 |
2024-03-22 |
n/a |
original 97.10 |
2 |
97.10 |
n/a |
97.10 |
not yet due |
open |
35.4937 |
35.4937 |
59.97 |
37.13 |
0.0000 |
115.86 |
115.86 |
| 80 |
2024-04-22 |
n/a |
original 97.10 |
3 |
97.10 |
n/a |
97.10 |
not yet due |
open |
28.7333 |
28.7333 |
28.73 |
68.37 |
0.0000 |
47.49 |
47.49 |
| 110 |
2024-05-22 |
n/a |
original 97.09 |
4 |
58.88 |
n/a |
58.88 |
not yet due |
closed |
11.3976 |
11.3976 |
11.39 |
47.49 |
0.0000 |
0.00 |
0.00 |
Key: ★ = evaluation day; ✓ = settlement day
Final Stats
| Generated settlement: n/a |
Final balance status: closed |
| Effective interest rate: 0.3639636364 % per day |
Final cost-to-borrowing ratio: 40.04 % |
| Required scheduled payment count: 4 |
Last required scheduled payment day: 110 |
| Final actual payment count: 1 |
Last actual payment day: 0 |
Description
Scheduled payment total can be less than principal when early actual payments are made but net effect is never less
Generated: see details
Basic Parameters
| Evaluation Date |
2024-02-07 |
| Start Date |
2024-02-02 |
| Principal |
250.00 |
| Schedule options |
| config: auto-generate schedule |
schedule length: payment count 4 |
| unit-period config: monthly from 2024-02 on 22 |
|
| Payment options |
| rounding: rounded up |
| level-payment option: lower final payment |
|
| Fee options |
no fee
|
| Interest options |
| standard rate: 0.8 % per day |
method: actuarial |
| rounding: rounded down |
APR method: UK FCA to 1 d.p. |
| cap: total 100 %; daily 0.8 % |
|
Advanced Parameters
| Payment options |
| scheduling: as scheduled |
timeout: 3 days |
| minimum: defer or write off up to 0.50 |
|
| Interest options |
| initial grace period: 3 day(s) |
rate on negative balance: zero |
| promotional rates: n/a |
|
| Fee options |
no fee
|
| Charge options |
no charges
|
| Settlement day | n/a |
| Trim unrequired payments | false |
Initial Schedule
| Day |
Scheduled payment |
Actuarial interest |
Interest portion |
Principal portion |
Interest balance |
Principal balance |
Total actuarial interest |
Total interest |
Total principal |
| 0 |
0.00 |
0.0000 |
0.00 |
0.00 |
0.00 |
250.00 |
0.0000 |
0.00 |
0.00 |
| 20 |
97.10 |
40.0000 |
40.00 |
57.10 |
0.00 |
192.90 |
40.0000 |
40.00 |
57.10 |
| 49 |
97.10 |
44.7528 |
44.75 |
52.35 |
0.00 |
140.55 |
84.7528 |
84.75 |
109.45 |
| 80 |
97.10 |
34.8564 |
34.85 |
62.25 |
0.00 |
78.30 |
119.6092 |
119.60 |
171.70 |
| 110 |
97.09 |
18.7920 |
18.79 |
78.30 |
0.00 |
0.00 |
138.4012 |
138.39 |
250.00 |
Initial Stats
| Initial interest balance: 0.00 |
Initial cost-to-borrowing ratio: 55.36 % |
Initial APR: 1316 % |
| Level payment: 97.10 |
Final payment: 97.09 |
Last scheduled payment day: 110 |
| Total scheduled payments: 388.39 |
Total principal: 250.00 |
Total interest: 138.39 |
FSharp.Finance.Personal