I'm trying to calculate the interest accrued on my amortization schedule manually. I can calculate it fine if payments are exactly one month apart but this payment is less than 1 month apart.
Last transaction date is 2017-01-01
Next payment is on 2017-01-15 and interest accrued is 362.47 for this payment.
Details of loan
2017-01-01 balance is 350,000
May I ask how was 362.47 calculated?