PaymentScheduleTest_Biweekly_1200_fp08_r11
| 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 |
3,473.64 |
0.0000 |
0.00 |
0.00 |
| 8 |
322.53 |
7.5754 |
7.57 |
314.96 |
0.00 |
3,158.68 |
7.5754 |
7.57 |
314.96 |
| 22 |
322.53 |
12.0549 |
12.05 |
310.48 |
0.00 |
2,848.20 |
19.6303 |
19.62 |
625.44 |
| 36 |
322.53 |
10.8700 |
10.86 |
311.67 |
0.00 |
2,536.53 |
30.5003 |
30.48 |
937.11 |
| 50 |
322.53 |
9.6805 |
9.68 |
312.85 |
0.00 |
2,223.68 |
40.1808 |
40.16 |
1,249.96 |
| 64 |
322.53 |
8.4865 |
8.48 |
314.05 |
0.00 |
1,909.63 |
48.6673 |
48.64 |
1,564.01 |
| 78 |
322.53 |
7.2880 |
7.28 |
315.25 |
0.00 |
1,594.38 |
55.9553 |
55.92 |
1,879.26 |
| 92 |
322.53 |
6.0849 |
6.08 |
316.45 |
0.00 |
1,277.93 |
62.0402 |
62.00 |
2,195.71 |
| 106 |
322.53 |
4.8771 |
4.87 |
317.66 |
0.00 |
960.27 |
66.9173 |
66.87 |
2,513.37 |
| 120 |
322.53 |
3.6648 |
3.66 |
318.87 |
0.00 |
641.40 |
70.5821 |
70.53 |
2,832.24 |
| 134 |
322.53 |
2.4479 |
2.44 |
320.09 |
0.00 |
321.31 |
73.0300 |
72.97 |
3,152.33 |
| 148 |
322.53 |
1.2263 |
1.22 |
321.31 |
0.00 |
0.00 |
74.2562 |
74.19 |
3,473.64 |
Description
$1200 with short first period
Generated: 2025-04-28 using library version 2.2.10
Parameters
| Evaluation Date |
2023-11-15 |
| Start Date |
2023-11-15 |
| Principal |
1,200.00 |
| Schedule options |
| config: auto-generate schedule |
schedule length: payment count 11 |
| unit-period config: 2-weekly from 2023-11-23 |
|
| 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 |
| fee type: facilitation fee 189.47 % |
rounding: rounded down |
| fee amortisation: amortise proportionately |
settlement rebate: pro-rata rebate |
|
| Charge options |
| Type |
Charge |
Grouping |
Holidays |
| late payment |
10.00 | one charge per day | n/a |
| insufficient funds |
7.50 | one charge per day | n/a |
|
| Interest options |
| standard rate: 9.95 % per year |
method: simple |
| rounding: rounded down |
APR method: US CFPB actuarial to 6 d.p. |
| initial grace period: 3 day(s) |
rate on negative balance: zero |
| promotional rates: n/a |
| cap: total n/a; daily n/a |
|
Initial Stats
| Initial interest balance: 0.00 |
Initial cost-to-borrowing ratio: 67.59 % |
Initial APR: 717.412507 % |
| Level payment: 322.53 |
Final payment: 322.53 |
Last scheduled payment day: 148 |
| Total scheduled payments: 3,547.83 |
Total principal: 3,473.64 |
Total interest: 74.19 |
FSharp.Finance.Personal