InterestFirstTest000
| 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 |
| 10 |
319.26 |
80.0000 |
80.00 |
239.26 |
0.00 |
760.74 |
80.0000 |
80.00 |
239.26 |
| 41 |
319.26 |
188.6635 |
188.66 |
130.60 |
0.00 |
630.14 |
268.6635 |
268.66 |
369.86 |
| 71 |
319.26 |
151.2336 |
151.23 |
168.03 |
0.00 |
462.11 |
419.8971 |
419.89 |
537.89 |
| 102 |
319.26 |
114.6033 |
114.60 |
204.66 |
0.00 |
257.45 |
534.5004 |
534.49 |
742.55 |
| 132 |
319.23 |
61.7880 |
61.78 |
257.45 |
0.00 |
0.00 |
596.2884 |
596.27 |
1,000.00 |
Description
Simple interest method initial schedule
Generated: 2025-04-28 using library version 2.2.10
Parameters
| Evaluation Date |
2025-01-19 |
| Start Date |
2024-07-23 |
| Principal |
1,000.00 |
| Schedule options |
| config: auto-generate schedule |
schedule length: payment count 5 |
| unit-period config: monthly from 2024-08 on 02 |
|
| 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: 0.8 % per day |
method: simple |
| rounding: rounded down |
APR method: UK FCA to 1 d.p. |
| initial grace period: 0 day(s) |
rate on negative balance: 8 % per year |
| promotional rates: n/a |
| cap: total 100 %; daily 0.8 % |
|
Initial Stats
| Initial interest balance: 0.00 |
Initial cost-to-borrowing ratio: 59.63 % |
Initial APR: 1309.2 % |
| Level payment: 319.26 |
Final payment: 319.23 |
Last scheduled payment day: 132 |
| Total scheduled payments: 1,596.27 |
Total principal: 1,000.00 |
Total interest: 596.27 |
FSharp.Finance.Personal