PaymentScheduleTest_Biweekly_1200_fp15_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
15	323.15	14.2039	14.20	308.95	0.00	3,164.69	14.2039	14.20	308.95
29	323.15	12.0778	12.07	311.08	0.00	2,853.61	26.2817	26.27	620.03
43	323.15	10.8906	10.89	312.26	0.00	2,541.35	37.1723	37.16	932.29
57	323.15	9.6989	9.69	313.46	0.00	2,227.89	46.8712	46.85	1,245.75
71	323.15	8.5026	8.50	314.65	0.00	1,913.24	55.3738	55.35	1,560.40
85	323.15	7.3018	7.30	315.85	0.00	1,597.39	62.6756	62.65	1,876.25
99	323.15	6.0963	6.09	317.06	0.00	1,280.33	68.7719	68.74	2,193.31
113	323.15	4.8863	4.88	318.27	0.00	962.06	73.6582	73.62	2,511.58
127	323.15	3.6716	3.67	319.48	0.00	642.58	77.3299	77.29	2,831.06
141	323.15	2.4524	2.45	320.70	0.00	321.88	79.7823	79.74	3,151.76
155	323.10	1.2284	1.22	321.88	0.00	0.00	81.0107	80.96	3,473.64

Description

$1200 with long 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 2023-11-30
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: 67.78 %	Initial APR: 623.703586 %
Level payment: 323.15	Final payment: 323.10	Last scheduled payment day: 155
Total scheduled payments: 3,554.60	Total principal: 3,473.64	Total interest: 80.96