PaymentScheduleTest_Biweekly_1200_fp14_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
14	323.06	13.2569	13.25	309.81	0.00	3,163.83	13.2569	13.25	309.81
28	323.06	12.0746	12.07	310.99	0.00	2,852.84	25.3315	25.32	620.80
42	323.06	10.8877	10.88	312.18	0.00	2,540.66	36.2192	36.20	932.98
56	323.06	9.6963	9.69	313.37	0.00	2,227.29	45.9155	45.89	1,246.35
70	323.06	8.5003	8.50	314.56	0.00	1,912.73	54.4158	54.39	1,560.91
84	323.06	7.2998	7.29	315.77	0.00	1,596.96	61.7156	61.68	1,876.68
98	323.06	6.0947	6.09	316.97	0.00	1,279.99	67.8103	67.77	2,193.65
112	323.06	4.8850	4.88	318.18	0.00	961.81	72.6953	72.65	2,511.83
126	323.06	3.6707	3.67	319.39	0.00	642.42	76.3660	76.32	2,831.22
140	323.06	2.4518	2.45	320.61	0.00	321.81	78.8177	78.77	3,151.83
154	323.03	1.2282	1.22	321.81	0.00	0.00	80.0459	79.99	3,473.64

Description

$1200 with first period equal to unit-period length

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 2023-11-29
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: 67.76 %	Initial APR: 637.159359 %
Level payment: 323.06	Final payment: 323.03	Last scheduled payment day: 154
Total scheduled payments: 3,553.63	Total principal: 3,473.64	Total interest: 79.99