ComplianceTest022
| Day |
Scheduled payment |
Simple interest |
Interest portion |
Principal portion |
Interest balance |
Principal balance |
Total simple interest |
Total interest |
Total principal |
| 0 |
0.00 |
0.0000 |
0.00 |
0.00 |
816.56 |
1,000.00 |
0.0000 |
0.00 |
0.00 |
| 30 |
454.15 |
239.4000 |
454.15 |
0.00 |
362.41 |
1,000.00 |
239.4000 |
454.15 |
0.00 |
| 61 |
454.15 |
247.3800 |
362.41 |
91.74 |
0.00 |
908.26 |
486.7800 |
816.56 |
91.74 |
| 91 |
454.15 |
217.4374 |
0.00 |
454.15 |
0.00 |
454.11 |
704.2174 |
816.56 |
545.89 |
| 122 |
454.11 |
112.3377 |
0.00 |
454.11 |
0.00 |
0.00 |
816.5552 |
816.56 |
1,000.00 |
Description
Add-on-interest loan of $1000 with payments starting after one month and 4 payments in total, for documentation purposes
Generated: 2025-04-28 using library version 2.2.10
Parameters
| Evaluation Date |
2025-04-22 |
| Start Date |
2025-04-22 |
| Principal |
1,000.00 |
| Schedule options |
| config: auto-generate schedule |
schedule length: payment count 4 |
| unit-period config: monthly from 2025-05 on 22 |
|
| Payment options |
| scheduling: as scheduled |
| rounding: rounded up |
| timeout: 3 |
| minimum: defer or write off up to 0.50 |
| level-payment option: lower final payment |
|
| Fee options |
no fee
|
| Charge options |
no charges
|
| Interest options |
| standard rate: 0.798 % per day |
method: add-on |
| rounding: rounded down |
APR method: UK FCA to 1 d.p. |
| initial grace period: 3 day(s) |
rate on negative balance: zero |
| promotional rates: n/a |
| cap: total 100 %; daily 0.8 % |
|
Initial Stats
| Initial interest balance: 816.56 |
Initial cost-to-borrowing ratio: 81.66 % |
Initial APR: 2039.4 % |
| Level payment: 454.15 |
Final payment: 454.11 |
Last scheduled payment day: 122 |
| Total scheduled payments: 1,816.56 |
Total principal: 1,000.00 |
Total interest: 816.56 |
FSharp.Finance.Personal