PaymentScheduleTest_Monthly_1500_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 |
1,500.00 |
0.0000 |
0.00 |
0.00 |
| 16 |
454.43 |
191.5200 |
191.52 |
262.91 |
0.00 |
1,237.09 |
191.5200 |
191.52 |
262.91 |
| 47 |
454.43 |
306.0313 |
306.03 |
148.40 |
0.00 |
1,088.69 |
497.5513 |
497.55 |
411.31 |
| 78 |
454.43 |
269.3201 |
269.32 |
185.11 |
0.00 |
903.58 |
766.8715 |
766.87 |
596.42 |
| 107 |
454.43 |
209.1065 |
209.11 |
245.32 |
0.00 |
658.26 |
975.9779 |
975.98 |
841.74 |
| 138 |
454.43 |
162.8404 |
162.84 |
291.59 |
0.00 |
366.67 |
1,138.8183 |
1,138.82 |
1,133.33 |
| 168 |
454.45 |
87.7808 |
87.78 |
366.67 |
0.00 |
0.00 |
1,226.5991 |
1,226.60 |
1,500.00 |
Description
£1500 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 |
1,500.00 |
| 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: 454.43 |
Final payment: 454.45 |
Last scheduled payment day: 168 |
| Total scheduled payments: 2,726.60 |
Total principal: 1,500.00 |
Total interest: 1,226.60 |
FSharp.Finance.Personal