QuoteTest004
| Day |
Datestamp |
Advances |
Scheduled payment |
Window |
Payment due |
Actual payments |
Generated payment |
Net effect |
Payment status |
Balance status |
Simple interest |
New interest |
New charges |
Principal portion |
Fee portion |
Interest portion |
Charges portion |
Fee rebate |
Principal balance |
Fee balance |
Interest balance |
Charges balance |
Settlement figure |
Fee rebate if settled |
| 0 |
2024-09-27 |
1,200.00 |
n/a |
0 |
0.00 |
n/a |
n/a |
0.00 |
none scheduled |
open |
0.0000 |
0.0000 |
n/a |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
1,200.00 |
0.00 |
0.0000 |
0.00 |
1,200.00 |
0.00 |
| 4 |
2024-10-01 |
n/a |
n/a |
0 |
0.00 |
n/a |
1,238.40 |
1,238.40 |
generated |
closed |
38.4000 |
38.4000 |
n/a |
1,200.00 |
0.00 |
38.40 |
0.00 |
0.00 |
0.00 |
0.00 |
0.0000 |
0.00 |
0.00 |
0.00 |
| 15 |
2024-10-12 |
n/a |
original 397.62 |
1 |
0.00 |
n/a |
n/a |
0.00 |
no longer required |
closed |
0.0000 |
0.0000 |
n/a |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.0000 |
0.00 |
0.00 |
0.00 |
| 46 |
2024-11-12 |
n/a |
original 397.62 |
2 |
0.00 |
n/a |
n/a |
0.00 |
no longer required |
closed |
0.0000 |
0.0000 |
n/a |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.0000 |
0.00 |
0.00 |
0.00 |
| 76 |
2024-12-12 |
n/a |
original 397.62 |
3 |
0.00 |
n/a |
n/a |
0.00 |
no longer required |
closed |
0.0000 |
0.0000 |
n/a |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.0000 |
0.00 |
0.00 |
0.00 |
| 107 |
2025-01-12 |
n/a |
original 397.62 |
4 |
0.00 |
n/a |
n/a |
0.00 |
no longer required |
closed |
0.0000 |
0.0000 |
n/a |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.0000 |
0.00 |
0.00 |
0.00 |
| 138 |
2025-02-12 |
n/a |
original 397.56 |
5 |
0.00 |
n/a |
n/a |
0.00 |
no longer required |
closed |
0.0000 |
0.0000 |
n/a |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.0000 |
0.00 |
0.00 |
0.00 |
Description
Settlement just outside interest grace period should accrue interest
Generated: 2025-04-28 using library version 2.2.10
Parameters
| Evaluation Date |
2024-10-01 |
| Start Date |
2024-09-27 |
| Principal |
1,200.00 |
| Schedule options |
| config: auto-generate schedule |
schedule length: payment count 5 |
| unit-period config: monthly from 2024-10 on 12 |
|
| 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 |
no fee
|
| 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: 0.8 % per day |
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 100 %; daily n/a |
|
Initial Stats
| Initial interest balance: 0.00 |
Initial cost-to-borrowing ratio: 65.67 % |
Initial APR: 292.97419 % |
| Level payment: 397.62 |
Final payment: 397.56 |
Last scheduled payment day: 138 |
| Total scheduled payments: 1,988.04 |
Total principal: 1,200.00 |
Total interest: 788.04 |
Final Stats
| Generated settlement: 1,238.40 on day 4 |
Final balance status: closed |
| Effective interest rate: 0.0231884058 % per day |
Final cost-to-borrowing ratio: 3.2 % |
| Required scheduled payment count: 0 |
Last required scheduled payment day: n/a |
| Final actual payment count: 0 |
Last actual payment day: n/a |
FSharp.Finance.Personal