InterestFirstTest007
| 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 |
2022-01-10 |
700.00 |
n/a |
0 |
0.00 |
n/a |
0.00 |
none scheduled |
open |
0.0000 |
0.0000 |
0.00 |
0.00 |
479.6500 |
700.00 |
700.00 |
| 18 |
2022-01-28 |
n/a |
original 294.92 |
1 |
294.92 |
confirmed 294.91 |
294.91 |
paid later in full |
open |
100.8000 |
0.0000 |
294.91 |
0.00 |
184.7400 |
700.00 |
505.89 |
| 35 |
2022-02-14 |
n/a |
n/a |
1 |
0.00 |
confirmed 294.91 |
294.91 |
extra payment |
open |
95.2000 |
0.0000 |
184.74 |
110.17 |
0.0000 |
589.83 |
306.18 |
| 49 |
2022-02-28 |
n/a |
original 294.92 |
2 |
0.00 |
n/a |
0.00 |
nothing due |
open |
66.0610 |
0.0000 |
0.00 |
0.00 |
0.0000 |
589.83 |
372.24 |
| 77 |
2022-03-28 |
n/a |
original 294.92 |
3 |
294.92 |
n/a |
0.00 |
missed payment |
open |
132.1219 |
0.0000 |
0.00 |
0.00 |
0.0000 |
589.83 |
504.36 |
| 108 |
2022-04-28 |
n/a |
original 294.89 |
4 |
294.89 |
n/a |
0.00 |
missed payment |
open |
146.2778 |
60.8107 |
0.00 |
0.00 |
60.8107 |
589.83 |
650.64 |
| ★ 1105 |
2025-01-19 |
n/a |
n/a |
36 |
0.00 |
n/a |
0.00 |
information only |
open |
159.5393 |
159.5393 |
0.00 |
0.00 |
220.3500 |
589.83 |
810.18 |
Key: ★ = evaluation day; ✓ = settlement day
Final Stats
| Generated settlement: n/a |
Final balance status: open |
| Effective interest rate: 0.3940023583 % per day |
Final cost-to-borrowing ratio: 435.37 % |
| Required scheduled payment count: 4 |
Last required scheduled payment day: 108 |
| Final actual payment count: 2 |
Last actual payment day: 35 |
Description
Add-on interest method with normal but with erratic payment timings expecting settlement figure on final day
Generated: see details
Basic Parameters
| Evaluation Date |
2025-01-19 |
| Start Date |
2022-01-10 |
| Principal |
700.00 |
| Schedule options |
| config: auto-generate schedule |
schedule length: payment count 4 |
| unit-period config: monthly from 2022-01 on 28 |
|
| 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 % |
|
Advanced Parameters
| Payment options |
| scheduling: as scheduled |
timeout: 3 days |
| minimum: defer or write off up to 0.50 |
|
| Interest options |
| initial grace period: 0 day(s) |
rate on negative balance: 8 % per year |
| 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 |
479.65 |
700.00 |
0.0000 |
0.00 |
0.00 |
| 18 |
294.92 |
100.8000 |
294.92 |
0.00 |
184.73 |
700.00 |
100.8000 |
294.92 |
0.00 |
| 49 |
294.92 |
173.6000 |
184.73 |
110.19 |
0.00 |
589.81 |
274.4000 |
479.65 |
110.19 |
| 77 |
294.92 |
132.1174 |
0.00 |
294.92 |
0.00 |
294.89 |
406.5174 |
479.65 |
405.11 |
| 108 |
294.89 |
73.1327 |
0.00 |
294.89 |
0.00 |
0.00 |
479.6502 |
479.65 |
700.00 |
Initial Stats
| Initial interest balance: 479.65 |
Initial cost-to-borrowing ratio: 68.52 % |
Initial APR: 2560.6 % |
| Level payment: 294.92 |
Final payment: 294.89 |
Last scheduled payment day: 108 |
| Total scheduled payments: 1,179.65 |
Total principal: 700.00 |
Total interest: 479.65 |
FSharp.Finance.Personal