PaymentScheduleTest_Monthly_1500_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 |
1,500.00 |
0.0000 |
0.00 |
0.00 |
| 28 |
491.57 |
335.1600 |
335.16 |
156.41 |
0.00 |
1,343.59 |
335.1600 |
335.16 |
156.41 |
| 59 |
491.57 |
332.3773 |
332.38 |
159.19 |
0.00 |
1,184.40 |
667.5373 |
667.54 |
315.60 |
| 88 |
491.57 |
274.0938 |
274.09 |
217.48 |
0.00 |
966.92 |
941.6311 |
941.63 |
533.08 |
| 119 |
491.57 |
239.1967 |
239.20 |
252.37 |
0.00 |
714.55 |
1,180.8278 |
1,180.83 |
785.45 |
| 149 |
491.57 |
171.0633 |
171.06 |
320.51 |
0.00 |
394.04 |
1,351.8911 |
1,351.89 |
1,105.96 |
| 180 |
491.52 |
97.4776 |
97.48 |
394.04 |
0.00 |
0.00 |
1,449.3687 |
1,449.37 |
1,500.00 |
Description
£1500 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 |
1,500.00 |
| 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: 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: 96.62 % |
Initial APR: 1266.6 % |
| Level payment: 491.57 |
Final payment: 491.52 |
Last scheduled payment day: 180 |
| Total scheduled payments: 2,949.37 |
Total principal: 1,500.00 |
Total interest: 1,449.37 |
FSharp.Finance.Personal