PaymentScheduleTest_Biweekly_1200_fp14_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 |
| 14 |
323.06 |
13.2569 |
13.25 |
309.81 |
0.00 |
3,163.83 |
13.2569 |
13.25 |
309.81 |
| 28 |
323.06 |
12.0746 |
12.07 |
310.99 |
0.00 |
2,852.84 |
25.3315 |
25.32 |
620.80 |
| 42 |
323.06 |
10.8877 |
10.88 |
312.18 |
0.00 |
2,540.66 |
36.2192 |
36.20 |
932.98 |
| 56 |
323.06 |
9.6963 |
9.69 |
313.37 |
0.00 |
2,227.29 |
45.9155 |
45.89 |
1,246.35 |
| 70 |
323.06 |
8.5003 |
8.50 |
314.56 |
0.00 |
1,912.73 |
54.4158 |
54.39 |
1,560.91 |
| 84 |
323.06 |
7.2998 |
7.29 |
315.77 |
0.00 |
1,596.96 |
61.7156 |
61.68 |
1,876.68 |
| 98 |
323.06 |
6.0947 |
6.09 |
316.97 |
0.00 |
1,279.99 |
67.8103 |
67.77 |
2,193.65 |
| 112 |
323.06 |
4.8850 |
4.88 |
318.18 |
0.00 |
961.81 |
72.6953 |
72.65 |
2,511.83 |
| 126 |
323.06 |
3.6707 |
3.67 |
319.39 |
0.00 |
642.42 |
76.3660 |
76.32 |
2,831.22 |
| 140 |
323.06 |
2.4518 |
2.45 |
320.61 |
0.00 |
321.81 |
78.8177 |
78.77 |
3,151.83 |
| 154 |
323.03 |
1.2282 |
1.22 |
321.81 |
0.00 |
0.00 |
80.0459 |
79.99 |
3,473.64 |
Description
$1200 with first period equal to unit-period length
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 2023-11-29 |
|
| 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: 67.76 % |
Initial APR: 637.159359 % |
| Level payment: 323.06 |
Final payment: 323.03 |
Last scheduled payment day: 154 |
| Total scheduled payments: 3,553.63 |
Total principal: 3,473.64 |
Total interest: 79.99 |
FSharp.Finance.Personal