PaymentScheduleTest_Monthly_1500_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	1,500.00	0.0000	0.00	0.00
28	491.57	335.1600	335.16	156.41	0.00	1,343.59	335.1600	335.16	156.41
59	491.57	332.3773	332.38	159.19	0.00	1,184.40	667.5373	667.54	315.60
88	491.57	274.0938	274.09	217.48	0.00	966.92	941.6311	941.63	533.08
119	491.57	239.1967	239.20	252.37	0.00	714.55	1,180.8278	1,180.83	785.45
149	491.57	171.0633	171.06	320.51	0.00	394.04	1,351.8911	1,351.89	1,105.96
180	491.52	97.4776	97.48	394.04	0.00	0.00	1,449.3687	1,449.37	1,500.00

Description

£1500 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	1,500.00
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: lower 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: 96.62 %	Initial APR: 1266.6 %
Level payment: 491.57	Final payment: 491.52	Last scheduled payment day: 180
Total scheduled payments: 2,949.37	Total principal: 1,500.00	Total interest: 1,449.37