PaymentScheduleTest_Biweekly_1200_fp08_r11

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	3,473.64	0.0000	0.00	0.00
8	322.53	7.5754	7.57	314.96	0.00	3,158.68	7.5754	7.57	314.96
22	322.53	12.0549	12.05	310.48	0.00	2,848.20	19.6303	19.62	625.44
36	322.53	10.8700	10.86	311.67	0.00	2,536.53	30.5003	30.48	937.11
50	322.53	9.6805	9.68	312.85	0.00	2,223.68	40.1808	40.16	1,249.96
64	322.53	8.4865	8.48	314.05	0.00	1,909.63	48.6673	48.64	1,564.01
78	322.53	7.2880	7.28	315.25	0.00	1,594.38	55.9553	55.92	1,879.26
92	322.53	6.0849	6.08	316.45	0.00	1,277.93	62.0402	62.00	2,195.71
106	322.53	4.8771	4.87	317.66	0.00	960.27	66.9173	66.87	2,513.37
120	322.53	3.6648	3.66	318.87	0.00	641.40	70.5821	70.53	2,832.24
134	322.53	2.4479	2.44	320.09	0.00	321.31	73.0300	72.97	3,152.33
148	322.53	1.2263	1.22	321.31	0.00	0.00	74.2562	74.19	3,473.64

Description

$1200 with short first period

Generated: see details

Basic Parameters

Evaluation Date	2023-11-15
Start Date	2023-11-15
Principal	1,200.00
Schedule options	config: auto-generate schedule schedule length: payment count 11 unit-period config: 2-weekly from 2023-11-23
Payment options	rounding: rounded up level-payment option: lower final payment
Fee options	fee type: facilitation fee 189.47 % rounding: rounded down fee amortisation: amortise proportionately
Interest options	standard rate: 9.95 % per year method: actuarial rounding: rounded down APR method: US CFPB actuarial to 6 d.p. cap: total n/a; daily n/a

Initial Stats

Initial interest balance: 0.00	Initial cost-to-borrowing ratio: 67.59 %	Initial APR: 717.412507 %
Level payment: 322.53	Final payment: 322.53	Last scheduled payment day: 148
Total scheduled payments: 3,547.83	Total principal: 3,473.64	Total interest: 74.19