Document Average savings calcuation
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Key: MIFOS-3427
URL: http://mifosforge.jira.com/browse/MIFOS-3427
Project: mifos
Issue Type: Bug
Components: Documentation
Affects Versions: Release 1.6.0
Reporter: jbrewster
Need to document how Average balance savings products do their interest
calculation. I believe I properly reversed-engineered the calculation in a
spreadsheet attached to issue MIFOS-3312. For 3 month interest calculation,
interest is for current loan with an average balance of 1200, interest 8%:
The average balance is the average of all the daily balances for that interest
calculation period.
A=P(1+(r/n))
A=1200(1+(.08/4))
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