PaymentScheduleTest_Monthly_1300_fp28_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 |
| 28 |
426.02 |
290.4720 |
290.47 |
135.55 |
0.00 |
1,164.45 |
290.4720 |
290.47 |
135.55 |
| 59 |
426.02 |
288.0616 |
288.06 |
137.96 |
0.00 |
1,026.49 |
578.5336 |
578.53 |
273.51 |
| 88 |
426.02 |
237.5503 |
237.55 |
188.47 |
0.00 |
838.02 |
816.0840 |
816.08 |
461.98 |
| 119 |
426.02 |
207.3094 |
207.31 |
218.71 |
0.00 |
619.31 |
1,023.3933 |
1,023.39 |
680.69 |
| 149 |
426.02 |
148.2628 |
148.26 |
277.76 |
0.00 |
341.55 |
1,171.6562 |
1,171.65 |
958.45 |
| 180 |
426.04 |
84.4926 |
84.49 |
341.55 |
0.00 |
0.00 |
1,256.1488 |
1,256.14 |
1,300.00 |
Description
£1300 with 28 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 2024-01 on 04 |
|
| 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: 96.63 % |
Initial APR: 1266.6 % |
| Level payment: 426.02 |
Final payment: 426.04 |
Last scheduled payment day: 180 |
| Total scheduled payments: 2,556.14 |
Total principal: 1,300.00 |
Total interest: 1,256.14 |
FSharp.Finance.Personal