Hi Community. Our team has been developing over the platform, and it's really interesting. Actually, we have a special case, which has demanded us the daily-calculation of interests in our loans. How? Every loan are calculated with a nominal rate and Declining Balance, and it's ok; but at late repayments we need to calculate the overdue charges DAILY. For example: Overdue interests are 217.11, and the rate for overdue charges is 10%. Then, the moratorium per day would be (217.11*10%*1/360), and it would be accumulated till the day the repayment occurs.
Is there any way of configuring this calculation and having evidence of it. Kind regards, Adriana Pinto
