Payment #40
Carlos Rivera — Loan LOC-2025-003
Payment Details
- Status
- Awaiting Approval
- Amount
- $2,583.33
- Payment Date
- April 05, 2026
- Accrual Period
- Mar 05, 2026 – Apr 05, 2026
- Days in Period
- 31 / 360
- Principal Balance
- $500,000.00
- Interest Rate
- 6.0%
Calculation Verification
$500,000.00 × 6.0% × 31/360 = $2,583.33
Audit Trail
Payment Created
Apr 08, 2026 21:32:41
by system
{"principal": 500000, "annual_rate_pct": 6.0, "period_start": "2026-03-05", "period_end": "2026-04-05", "days_in_period": 31, "day_count_basis": 360, "convention": "ACT/360", "interest_amount": 2583.33, "daily_rate": 0.00016667, "daily_interest": 83.33}