Caxton, Have a look at our archives, we have numerous posts on how to resolve this issue. You just need to convert your interest rate to APR.
Here¹s one thread in question: http://is.gd/ejsoS Ryan On 8/11/10 16:03, "caxton kinyanjui" <[email protected]> wrote: > 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 > > > InstallmentDueDatePrincipalInterestFeesTotal > 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 > > > > ------------------------------------------------------------------------------ > This SF.net email is sponsored by > > Make an app they can't live without > Enter the BlackBerry Developer Challenge > http://p.sf.net/sfu/RIM-dev2dev > > _______________________________________________ > Mifos-users mailing list > [email protected] > https://lists.sourceforge.net/lists/listinfo/mifos-users -- Ryan Whitney Mifos Technical Program Manager [email protected] Mifos - Technology that Empowers Microfinance (www.mifos.org) Our mission is to enable the poor, especially the poorest, to create a world without poverty. <http://grameenfoundation.org/take-action/ingenuity-fund-challenge/> P please consider the environment before printing this e-mail.
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