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Tested on 1.10.3 version
Test data:-
Submit new loan application for the created client with following data:-
Principal: 15,000
Loan term: 50 Weeks
No. Of Repayments: 25
Repaid Every: 2 Weeks
Nominal interest rate %: 25 Per year
Expected disbursement on: 01 October 2010
Amortization: Equal Instalments
Interest method: Declining balance
Interest calculation period: Daily
Repayment strategy: Mifos strategy.
Interest charged from: 15 October 2010
First repayment on: 29 October 2010
Precondition - Create office, Client, Loan product.
Description:-
1) Select the created client & click on the new loan application - Fill all the required fields & Click on Preview repayment schedule.
Expected result:
For the first repayment the values should be:-
Principal Due: 533.81
Principal Balance: 14466.19
Interest: 143.84
Total: 677.65
Actual Result:
Please refer screenshot: 1,2,3.
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