PaymentScheduleTest_Monthly_1500_fp08_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 |
1,500.00 |
0.0000 |
0.00 |
0.00 |
| 8 |
428.71 |
95.7600 |
95.76 |
332.95 |
0.00 |
1,167.05 |
95.7600 |
95.76 |
332.95 |
| 39 |
428.71 |
288.7048 |
288.70 |
140.01 |
0.00 |
1,027.04 |
384.4648 |
384.46 |
472.96 |
| 70 |
428.71 |
254.0692 |
254.07 |
174.64 |
0.00 |
852.40 |
638.5340 |
638.53 |
647.60 |
| 99 |
428.71 |
197.2624 |
197.26 |
231.45 |
0.00 |
620.95 |
835.7964 |
835.79 |
879.05 |
| 130 |
428.71 |
153.6106 |
153.61 |
275.10 |
0.00 |
345.85 |
989.4070 |
989.40 |
1,154.15 |
| 160 |
428.65 |
82.7965 |
82.80 |
345.85 |
0.00 |
0.00 |
1,072.2035 |
1,072.20 |
1,500.00 |
Description
£1500 with 08 days to first payment and 6 repayments
Generated: see details
Basic Parameters
| Evaluation Date |
2023-12-07 |
| Start Date |
2023-12-07 |
| Principal |
1,500.00 |
| Schedule options |
| config: auto-generate schedule |
schedule length: payment count 6 |
| unit-period config: monthly from 2023-12 on 15 |
|
| 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: 71.48 % |
Initial APR: 1290.9 % |
| Level payment: 428.71 |
Final payment: 428.65 |
Last scheduled payment day: 160 |
| Total scheduled payments: 2,572.20 |
Total principal: 1,500.00 |
Total interest: 1,072.20 |
FSharp.Finance.Personal