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http://mifosforge.jira.com/browse/MIFOS-3973?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
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Tejus Datta closed MIFOS-3973.
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> Introduce declining balance-interest reclaculation interest rate type
> ---------------------------------------------------------------------
>
> Key: MIFOS-3973
> URL: http://mifosforge.jira.com/browse/MIFOS-3973
> Project: mifos
> Issue Type: Story
> Affects Versions: Elsie F - Iteration 3
> Reporter: Tejus Datta
> Assignee: Deepak Paramasivam
> Priority: Major
> Fix For: Elsie F - Iteration 4
>
> Attachments: 3973_Introduce Declining Balance- Interest Recalculation
> Interest Type.doc
>
>
> Pawdep wants to offer benefit to the clients who pay more than the
> installment due amount.When a client pays more than the installment due
> amount, the amount goes towards paying the principal of subsequent
> installments.This leads to a lower value of interest.The present story aims
> to develop this new mode of interest calculation.
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