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http://mifosforge.jira.com/browse/MIFOS-5086?page=com.atlassian.jira.plugin.system.issuetabpanels:comment-tabpanel&focusedCommentId=69144#comment-69144
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keithwoodlock commented on MIFOS-5086:
--------------------------------------
Jakub, Emily,
The question here is what should be the total interest due on a loan with
principal 1000, with interest rate 20% calculated 'daily' and not based on
'installments in year'.
g-release calculates it at 11.4
f-release calculates it at 11.5
I think g-release is correct but i could be wrong.
see 'Repayment schedule generation' section
ofhttp://mifosforge.jira.com/wiki/display/MIFOS/Variable+Loan+Installments+and+Cash+Flow+Comparison+Functional+Spec
One difference here is that 365 days are used for this calcualtion maybe
f-release was configured to use 360 days? (but then again, i dont think this is
the case either.)
> In Release 2.2, interest calculation for variable installment loans is
> different than in Release 2.1.x
> ------------------------------------------------------------------------------------------------------
>
> Key: MIFOS-5086
> URL: http://mifosforge.jira.com/browse/MIFOS-5086
> Project: mifos
> Issue Type: Bug
> Components: Loan Account
> Affects Versions: Release 2.2
> Reporter: Lukasz Chudy
> Assignee: emilytucker
> Priority: Major
> Fix For: Release H
>
> Attachments: differencesBetweenFreleaseAndGrelease.png
>
>
> In Release G interests are calculated in different way than in Release 2.1.x.
> See attached screenshot.
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