Title: Message Title
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Test data:
Principal:95000
Term: 12 months,
Annual Interest rate: 26 %
Repaid every:1month
Expected disbursement on 12 December 2013
In Settings,
Amortization: Equal Installments
Interest method: Declining Balance
Interest calculation period: Same as repayment period
Repayment strategy: Mifos style
Interest charged from: 12 December 2013
First repayment on: 8 February 2014.
Pre-Condition:
Create a group and attach a client to it. Create a loan product.
Description:
Click on View schedule in which interest on first repayment is not displaying properly. it should get calculated for 56 days,
Screen shot and excel sheet is attached for clarity.
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