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Apex PO & Interest Tracker Automated Non-Compounding Interest Engine
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Non-Compounding Original Principal Rule (10%/Month)

Monthly interest is strictly 10% of the Original Principal, not the declining outstanding balance. Partial payments never reduce the interest base. Payments apply to unpaid interest first, then to principal. If borrower still owes β‚±200, next month's interest is still β‚±1,000 (10% of β‚±10,000), not β‚±20.

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PO Number Borrower / Customer PO Date Original Principal Rate Monthly Interest Principal Paid Interest Charged Interest Paid Unpaid Interest Remaining Principal Outstanding Balance Status Next Billing Actions