Interest is daily starting from the contract date, on 365 days/year
Contract effective date	10/17/2023
Amount funded	$ 2,900.00
Annual interest rate	194.53%
Monthly payment	$ 225.73
Payment date for selected installments
Payment date	Payment Amount	Interest Applied	Principal Applied	Ending Principal
10/27/2023	$ 225.73
11/10/2023	$ 225.73
11/24/2023	$ 225.73
12/8/2023	$ 225.73
12/22/2023	$ 225.73
1/5/2024	$ 225.73
1/19/2024	$ 225.73
2/2/2024	$ 225.73
2/16/2024	$ 225.73
3/1/2024	$ 225.73
3/15/2024	$ 225.73
3/29/2024	$ 225.73
4/12/2024	$ 225.73
4/26/2024	$ 225.73
To solve:
1. Please calculate interest income to record as as of Oct 31, 2023
2. Please complete the amortization schedule for the payment dates listed above