ComplianceTest023
| 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 |
0.00 |
1,000.00 |
0.0000 |
0.00 |
0.00 |
| 30 |
417.72 |
239.4000 |
239.40 |
178.32 |
0.00 |
821.68 |
239.4000 |
239.40 |
178.32 |
| 61 |
417.72 |
203.2672 |
203.26 |
214.46 |
0.00 |
607.22 |
442.6672 |
442.66 |
392.78 |
| 91 |
417.72 |
145.3685 |
145.36 |
272.36 |
0.00 |
334.86 |
588.0357 |
588.02 |
665.14 |
| 122 |
417.69 |
82.8377 |
82.83 |
334.86 |
0.00 |
0.00 |
670.8733 |
670.85 |
1,000.00 |
Description
Simple-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: 0.00 |
Initial cost-to-borrowing ratio: 67.09 % |
Initial APR: 1257.1 % |
| Level payment: 417.72 |
Final payment: 417.69 |
Last scheduled payment day: 122 |
| Total scheduled payments: 1,670.85 |
Total principal: 1,000.00 |
Total interest: 670.85 |
FSharp.Finance.Personal