PaymentScheduleTest_Monthly_1300_fp16_r6

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	1,300.00	0.0000	0.00	0.00
16	393.84	165.9840	165.98	227.86	0.00	1,072.14	165.9840	165.98	227.86
47	393.84	265.2260	265.23	128.61	0.00	943.53	431.2100	431.21	356.47
78	393.84	233.4105	233.41	160.43	0.00	783.10	664.6204	664.62	516.90
107	393.84	181.2250	181.23	212.61	0.00	570.49	845.8454	845.85	729.51
138	393.84	141.1278	141.13	252.71	0.00	317.78	986.9733	986.98	982.22
168	393.86	76.0765	76.08	317.78	0.00	0.00	1,063.0498	1,063.06	1,300.00

Description

£1300 with 16 days to first payment and 6 repayments

Generated: 2025-04-28 using library version 2.2.10

Parameters

Evaluation Date	2023-12-07
Start Date	2023-12-07
Principal	1,300.00
Schedule options	config: auto-generate schedule schedule length: payment count 6 unit-period config: monthly from 2023-12 on 23
Payment options	scheduling: as scheduled rounding: round using AwayFromZero timeout: 3 minimum: defer or write off up to 0.50 level-payment option: similar final payment
Fee options	no fee
Charge options	no charges
Interest options	standard rate: 0.798 % per day method: simple rounding: round using AwayFromZero APR method: UK FCA to 1 d.p. initial grace period: 3 day(s) rate on negative balance: zero promotional rates: n/a cap: total 100 %; daily 0.8 %

Initial Stats

Initial interest balance: 0.00	Initial cost-to-borrowing ratio: 81.77 %	Initial APR: 1295 %
Level payment: 393.84	Final payment: 393.86	Last scheduled payment day: 168
Total scheduled payments: 2,363.06	Total principal: 1,300.00	Total interest: 1,063.06