am in need of help,am losing one days interest on all the loans.eg if i give a
loan of 20000 to a client with 15% flat rate interest and 26 installment in one
year i get this from mifos
which will translate to =21496 instead of 115/100*20000=23000
Loan
Amount
: 20000.0
Disbursal date
: 17/08/2010
Installments
Amount due
Installment DueDate Principal Interest Fees Total
1 24-Aug-2010 769.5 57.5 0.0 827.0
2 31-Aug-2010 769.5 57.5 0.0 827.0
3 07-Sep-2010 769.5 57.5 0.0 827.0
4 14-Sep-2010 769.5 57.5 0.0 827.0
5 21-Sep-2010 769.5 57.5 0.0 827.0
6 28-Sep-2010 769.5 57.5 0.0 827.0
7 05-Oct-2010 769.5 57.5 0.0 827.0
8 12-Oct-2010 769.5 57.5 0.0 827.0
9 19-Oct-2010 769.5 57.5 0.0 827.0
10 26-Oct-2010 769.5 57.5 0.0 827.0
11 02-Nov-2010 769.5 57.5 0.0 827.0
12 09-Nov-2010 769.5 57.5 0.0 827.0
13 16-Nov-2010 769.5 57.5 0.0 827.0
14 23-Nov-2010 769.5 57.5 0.0 827.0
15 30-Nov-2010 769.5 57.5 0.0 827.0
16 07-Dec-2010 769.5 57.5 0.0 827.0
17 14-Dec-2010 769.5 57.5 0.0 827.0
18 21-Dec-2010 769.5 57.5 0.0 827.0
19 28-Dec-2010 769.5 57.5 0.0 827.0
20 04-Jan-2011 769.5 57.5 0.0 827.0
21 11-Jan-2011 769.5 57.5 0.0 827.0
22 18-Jan-2011 769.5 57.5 0.0 827.0
23 25-Jan-2011 769.5 57.5 0.0 827.0
24 01-Feb-2011 769.5 57.5 0.0 827.0
25 08-Feb-2011 769.5 57.5 0.0 827.0
26 15-Feb-2011 762.5 58.5 0.0 821.0
which will translate to =21496 instade of 115/100*20000=23000
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