PaymentScheduleTest_Monthly_1500_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 |
1,500.00 |
0.0000 |
0.00 |
0.00 |
| 24 |
478.74 |
287.2800 |
287.28 |
191.46 |
0.00 |
1,308.54 |
287.2800 |
287.28 |
191.46 |
| 55 |
478.74 |
323.7066 |
323.71 |
155.03 |
0.00 |
1,153.51 |
610.9866 |
610.99 |
346.49 |
| 84 |
478.74 |
266.9453 |
266.95 |
211.79 |
0.00 |
941.72 |
877.9319 |
877.94 |
558.28 |
| 115 |
478.74 |
232.9627 |
232.96 |
245.78 |
0.00 |
695.94 |
1,110.8946 |
1,110.90 |
804.06 |
| 145 |
478.74 |
166.6080 |
166.61 |
312.13 |
0.00 |
383.81 |
1,277.5026 |
1,277.51 |
1,116.19 |
| 176 |
478.76 |
94.9469 |
94.95 |
383.81 |
0.00 |
0.00 |
1,372.4496 |
1,372.46 |
1,500.00 |
Description
£1500 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 |
1,500.00 |
| 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: 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: 91.5 % |
Initial APR: 1280.4 % |
| Level payment: 478.74 |
Final payment: 478.76 |
Last scheduled payment day: 176 |
| Total scheduled payments: 2,872.46 |
Total principal: 1,500.00 |
Total interest: 1,372.46 |
FSharp.Finance.Personal