PaymentScheduleTest005
Calculation with three equivalent but different payment schedules types should be identical
Day | Scheduled Payment | Simple Interest | Interest Portion | Principal Portion | Interest Balance | Principal Balance | Total Simple Interest | Total Interest | Total Principal |
0 | n/a | 0 | 0 | 0 | 0 | 10000 | 0 | 0 | 0 |
10 | original 36.48 | 800.000 | 800 | 2848 | 0 | 7152 | 800.000 | 800 | 2848 |
41 | original 36.48 | 1773.696 | 1774 | 1874 | 0 | 5278 | 2573.696 | 2574 | 4722 |
72 | original 36.48 | 1308.944 | 1309 | 2339 | 0 | 2939 | 3882.640 | 3883 | 7061 |
102 | original 36.44 | 705.360 | 705 | 2939 | 0 | 0 | 4588.000 | 4588 | 10000 |
Day | Scheduled Payment | Simple Interest | Interest Portion | Principal Portion | Interest Balance | Principal Balance | Total Simple Interest | Total Interest | Total Principal |
0 | n/a | 0 | 0 | 0 | 0 | 10000 | 0 | 0 | 0 |
10 | original 36.48 | 800.000 | 800 | 2848 | 0 | 7152 | 800.000 | 800 | 2848 |
41 | original 36.48 | 1773.696 | 1774 | 1874 | 0 | 5278 | 2573.696 | 2574 | 4722 |
72 | original 36.48 | 1308.944 | 1309 | 2339 | 0 | 2939 | 3882.640 | 3883 | 7061 |
102 | original 36.44 | 705.360 | 705 | 2939 | 0 | 0 | 4588.000 | 4588 | 10000 |
Day | Scheduled Payment | Simple Interest | Interest Portion | Principal Portion | Interest Balance | Principal Balance | Total Simple Interest | Total Interest | Total Principal |
0 | n/a | 0 | 0 | 0 | 0 | 10000 | 0 | 0 | 0 |
10 | original 36.48 | 800.000 | 800 | 2848 | 0 | 7152 | 800.000 | 800 | 2848 |
41 | original 36.48 | 1773.696 | 1774 | 1874 | 0 | 5278 | 2573.696 | 2574 | 4722 |
72 | original 36.48 | 1308.944 | 1309 | 2339 | 0 | 2939 | 3882.640 | 3883 | 7061 |
102 | original 36.44 | 705.360 | 705 | 2939 | 0 | 0 | 4588.000 | 4588 | 10000 |