PMT is calculated based on monthly interest rate. 
         Interest type                       Compound Interest
         Compounded frequency                Daily
         Accrued interest posting frequency  Monthly
         Disbursement Date                              01/04/2021
         Loan Amount                                         1000
         IR per year                                      10.00%
         Days in Year                                         360
         No of installments                                  5.00
         Daily  Interest Rate                            0.0265%
         Monthly Interest Rate                           0.7974%
         PMT                                               204.81
         Transactions 
         Date                                Type                Amount
                                      1/4/2021Disbursement                      1000
         Schedule
         Installment Number                  Due Date            Principal Expected
                                                          1/4/2021
                                            1             1/5/2021            196.84
                                            2             1/6/2021            198.41
                                            3             1/7/2021            199.99
                                            4             1/8/2021            201.58
                                            5             1/9/2021            203.19
           Principal Balance  Interest Balance
                         1000                 0
           Interest Expected  Total Expected    Principal Paid Interest Paid Principal Balance
                                                                                        1,000.00
                          7.97           204.81           0.00           0.00             803.16
                          6.40           204.81           0.00           0.00             604.75
                          4.82           204.81           0.00           0.00             404.76
                          3.23           204.81           0.00           0.00             203.18
                          1.62           204.81           0.00           0.00               -0.01
      State  No of days in an installment
      Pending         30
      Pending         30
      Pending         30
      Pending         30
      Pending         30