InterestFirstTest002
| 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 |
838.63 |
1,000.00 |
0.0000 |
0.00 |
0.00 |
| 10 |
367.73 |
80.0000 |
367.73 |
0.00 |
470.90 |
1,000.00 |
80.0000 |
367.73 |
0.00 |
| 41 |
367.73 |
248.0000 |
367.73 |
0.00 |
103.17 |
1,000.00 |
328.0000 |
735.46 |
0.00 |
| 71 |
367.73 |
240.0000 |
103.17 |
264.56 |
0.00 |
735.44 |
568.0000 |
838.63 |
264.56 |
| 102 |
367.73 |
182.3891 |
0.00 |
367.73 |
0.00 |
367.71 |
750.3891 |
838.63 |
632.29 |
| 132 |
367.71 |
88.2504 |
0.00 |
367.71 |
0.00 |
0.00 |
838.6395 |
838.63 |
1,000.00 |
Description
Add-on interest method basic schedule
Generated: see details
Basic Parameters
| Evaluation Date |
2025-01-19 |
| Start Date |
2024-07-23 |
| Principal |
1,000.00 |
| Schedule options |
| config: auto-generate schedule |
schedule length: payment count 5 |
| unit-period config: monthly from 2024-08 on 02 |
|
| Payment options |
| rounding: rounded up |
| level-payment option: lower final payment |
|
| Fee options |
no fee
|
| Interest options |
| standard rate: 0.8 % per day |
method: add-on |
| rounding: rounded down |
APR method: UK FCA to 1 d.p. |
| cap: total 100 %; daily 0.8 % |
|
Initial Stats
| Initial interest balance: 838.63 |
Initial cost-to-borrowing ratio: 83.86 % |
Initial APR: 3452.9 % |
| Level payment: 367.73 |
Final payment: 367.71 |
Last scheduled payment day: 132 |
| Total scheduled payments: 1,838.63 |
Total principal: 1,000.00 |
Total interest: 838.63 |
FSharp.Finance.Personal