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https://issues.apache.org/jira/browse/FINERACT-59?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Shaik Nazeer Hussain closed FINERACT-59.
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Assignee: Shaik Nazeer Hussain (was: Markus Geiss)
tested and working as expected
> Interest calculation for flat interest loans incorrect for "Same as repayment
> period"
> -------------------------------------------------------------------------------------
>
> Key: FINERACT-59
> URL: https://issues.apache.org/jira/browse/FINERACT-59
> Project: Apache Fineract
> Issue Type: Bug
> Reporter: Sander van der Heijden
> Assignee: Shaik Nazeer Hussain
> Priority: Critical
>
> After the recent refactoring of the interest calculation code, the generation
> of flat interest loan schedules is having unexpected behaviour when the 'Same
> as Repayment period' calculation type is selected.
> Scenario:
> - 6 month flat loan of 10,000
> - Interest rate of 20% annual
> - Disbursement date: 01-03-2016
> - First repayment date: 09-03-2016
> Expected result:
> - Total interest of 10,000 * (20%/12)*6 terms = 1000
> Current result:
> - Total interest calculated over 6 months + 8 days (the extra 8 at the start
> of the loan).
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