Title: Message Title
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We should not be ignoring rounding off values (whether decimal or whole digits). Which is what we have been doing until now I think Mifos X does .
Any rounded valueThe value should be "accumulated" and then adjusted in the last installment. It should be such that Mifos X doesn't end up collecting more than what should be collected from the client for the given interest rate.
For example: if we round off to the nearest multiple of 10 and the computed installment value is 95 - then Mifos X would treat the installment as 100. If there are 10 installments, we will end up collecting an extra amount of 50. Which does not get adjusted in the last installment. Hence the effective interest rate could go up for the client. Which may be unacceptable to most users.
Mifos 2.x handles this: description at: http://mifos.org/functional-specifications/system-processing/interest-calculations-loan-accounts
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MIFOSX-916
