PaymentScheduleTest_Monthly_1300_fp16_r6
| 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 |
1,300.00 |
0.0000 |
0.00 |
0.00 |
| 16 |
393.84 |
165.9840 |
165.98 |
227.86 |
0.00 |
1,072.14 |
165.9840 |
165.98 |
227.86 |
| 47 |
393.84 |
265.2260 |
265.23 |
128.61 |
0.00 |
943.53 |
431.2100 |
431.21 |
356.47 |
| 78 |
393.84 |
233.4105 |
233.41 |
160.43 |
0.00 |
783.10 |
664.6204 |
664.62 |
516.90 |
| 107 |
393.84 |
181.2250 |
181.23 |
212.61 |
0.00 |
570.49 |
845.8454 |
845.85 |
729.51 |
| 138 |
393.84 |
141.1278 |
141.13 |
252.71 |
0.00 |
317.78 |
986.9733 |
986.98 |
982.22 |
| 168 |
393.86 |
76.0765 |
76.08 |
317.78 |
0.00 |
0.00 |
1,063.0498 |
1,063.06 |
1,300.00 |
Description
£1300 with 16 days to first payment and 6 repayments
Generated: see details
Basic Parameters
| Evaluation Date |
2023-12-07 |
| Start Date |
2023-12-07 |
| Principal |
1,300.00 |
| Schedule options |
| config: auto-generate schedule |
schedule length: payment count 6 |
| unit-period config: monthly from 2023-12 on 23 |
|
| Payment options |
| rounding: round using AwayFromZero |
| level-payment option: similar 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: 81.77 % |
Initial APR: 1295 % |
| Level payment: 393.84 |
Final payment: 393.86 |
Last scheduled payment day: 168 |
| Total scheduled payments: 2,363.06 |
Total principal: 1,300.00 |
Total interest: 1,063.06 |
FSharp.Finance.Personal