PaymentScheduleTest001
| 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 |
300.00 |
0.0000 |
0.00 |
0.00 |
| 15 |
336.00 |
36.0000 |
36.00 |
300.00 |
0.00 |
0.00 |
36.0000 |
36.00 |
300.00 |
Description
If there are no other payments, level payment should equal final payment
Generated: 2025-04-28 using library version 2.2.10
Parameters
| Evaluation Date |
2022-12-19 |
| Start Date |
2022-12-19 |
| Principal |
300.00 |
| Schedule options |
| config: auto-generate schedule |
schedule length: payment count 1 |
| unit-period config: daily from 2023-01-03 |
|
| 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 |
| Type |
Charge |
Grouping |
Holidays |
| late payment |
7.50 | one charge per day | n/a |
|
| 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: 12 % |
Initial APR: 1476.3 % |
| Level payment: 336.00 |
Final payment: 336.00 |
Last scheduled payment day: 15 |
| Total scheduled payments: 336.00 |
Total principal: 300.00 |
Total interest: 36.00 |
FSharp.Finance.Personal