PaymentScheduleTest_Monthly_1300_fp24_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 |
| 24 |
414.91 |
248.9760 |
248.98 |
165.93 |
0.00 |
1,134.07 |
248.9760 |
248.98 |
165.93 |
| 55 |
414.91 |
280.5462 |
280.55 |
134.36 |
0.00 |
999.71 |
529.5222 |
529.53 |
300.29 |
| 84 |
414.91 |
231.3529 |
231.35 |
183.56 |
0.00 |
816.15 |
760.8751 |
760.88 |
483.85 |
| 115 |
414.91 |
201.8992 |
201.90 |
213.01 |
0.00 |
603.14 |
962.7743 |
962.78 |
696.86 |
| 145 |
414.91 |
144.3917 |
144.39 |
270.52 |
0.00 |
332.62 |
1,107.1660 |
1,107.17 |
967.38 |
| 176 |
414.90 |
82.2835 |
82.28 |
332.62 |
0.00 |
0.00 |
1,189.4496 |
1,189.45 |
1,300.00 |
Description
£1300 with 24 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 month-end |
|
| 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: 91.5 % |
Initial APR: 1280.4 % |
| Level payment: 414.91 |
Final payment: 414.90 |
Last scheduled payment day: 176 |
| Total scheduled payments: 2,489.45 |
Total principal: 1,300.00 |
Total interest: 1,189.45 |
FSharp.Finance.Personal