PaymentScheduleTest_Monthly_1300_fp28_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
28	426.02	290.4720	290.47	135.55	0.00	1,164.45	290.4720	290.47	135.55
59	426.02	288.0616	288.06	137.96	0.00	1,026.49	578.5336	578.53	273.51
88	426.02	237.5503	237.55	188.47	0.00	838.02	816.0840	816.08	461.98
119	426.02	207.3094	207.31	218.71	0.00	619.31	1,023.3933	1,023.39	680.69
149	426.02	148.2628	148.26	277.76	0.00	341.55	1,171.6562	1,171.65	958.45
180	426.04	84.4926	84.49	341.55	0.00	0.00	1,256.1488	1,256.14	1,300.00

Description

£1300 with 28 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 2024-01 on 04
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: 96.63 %	Initial APR: 1266.6 %
Level payment: 426.02	Final payment: 426.04	Last scheduled payment day: 180
Total scheduled payments: 2,556.14	Total principal: 1,300.00	Total interest: 1,256.14