Hello Thomas;
Is the interest rate 10% or 120%, you have indicated 120 in your email but
just when you calculate the percentage simply to get repayment of
2,200,000/= from a loan of 2,000,000 the rate is 10. Declining balance will
be different from Flat if there are more than one installment which is not
your case here.
I have a feeling the mismatch comes with the product setup, what is the
frequency of installment set in the product?
Is it possible you share snapshot of product information?
Regards;
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