Mohit Gupta created FINERACT-1531:
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Summary: Mismatch in repayment schedule
Key: FINERACT-1531
URL: https://issues.apache.org/jira/browse/FINERACT-1531
Project: Apache Fineract
Issue Type: Bug
Affects Versions: 1.3.0
Reporter: Mohit Gupta
Hi,
I am facing an issue with repayment schedule in all MifosX versions.
I have created a 6 month loan with equal installments and interest calculation
on declining balance. In the original repayment schedule, the computations are
correct as per the defined logic. However, after making 3 repayments on time,
the interest computation for 4th installment is slightly different causing a
change in total interest collected.
I have verified all the product configurations but I don't seem to be getting
to the core of the issue. Attaching all screenshots for reference.
*Interest for Mar 22, 2022:*
Expected value: 253.74
Actual Value: 248.48
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