PaymentScheduleTest_Monthly_0700_fp28_r4
| 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 |
700.00 |
0.0000 |
0.00 |
0.00 |
| 28 |
287.91 |
156.4080 |
156.41 |
131.50 |
0.00 |
568.50 |
156.4080 |
156.41 |
131.50 |
| 59 |
287.91 |
140.6355 |
140.64 |
147.27 |
0.00 |
421.23 |
297.0435 |
297.05 |
278.77 |
| 88 |
287.91 |
97.4810 |
97.48 |
190.43 |
0.00 |
230.80 |
394.5246 |
394.53 |
469.20 |
| 119 |
287.90 |
57.0953 |
57.10 |
230.80 |
0.00 |
0.00 |
451.6199 |
451.63 |
700.00 |
Description
£0700 with 28 days to first payment and 4 repayments
Generated: see details
Basic Parameters
| Evaluation Date |
2023-12-07 |
| Start Date |
2023-12-07 |
| Principal |
700.00 |
| Schedule options |
| config: auto-generate schedule |
schedule length: payment count 4 |
| unit-period config: monthly from 2024-01 on 04 |
|
| Payment options |
| rounding: round using AwayFromZero |
| level-payment option: lower final payment |
|
| Fee options |
no fee
|
| Interest options |
| standard rate: 0.798 % per day |
method: actuarial |
| rounding: round using AwayFromZero |
APR method: UK FCA to 1 d.p. |
| cap: total 100 %; daily 0.8 % |
|
Initial Stats
| Initial interest balance: 0.00 |
Initial cost-to-borrowing ratio: 64.52 % |
Initial APR: 1269.4 % |
| Level payment: 287.91 |
Final payment: 287.90 |
Last scheduled payment day: 119 |
| Total scheduled payments: 1,151.63 |
Total principal: 700.00 |
Total interest: 451.63 |
FSharp.Finance.Personal