Hi Michael,
About you first problem - I already wrote you about turning LSIM on in
database. This option allows you to operate on accounts in any moment
and makes accounts independent from schedules. When LSIM is on, you will
be able e.g to create weekly loan account for client with monthly
frequency meetings.
Second problem - Algorithm implemented in Mifos is inaccurate for small
amounts. If principal is higher (e.g. 1000) and number of installments
is e.g. 10 everything works fine.
Best regards,
Kasia
On 03.01.2013 13:27, Michael Philip wrote:
Hi all,
I am still new to MIFOS, probably what I am going to describe is not a
bug but my ignorance
(v2.6.0)
1. When creating loan accounts for clients, loan products that have a
daily or monthly frequency do not show on the drop down list.
2. The total repayment calculation does not give the expected
figures. e.g, using the example in
http://mifos.org/functional-specifications/system-processing/interest-calculations-loan-accounts
for flat rates
Principal is 100, interest 3% number of installments 4
I get for each number of installments, the principal 24.9 and
interest 0.1
Is there something I am missing in both cases?
More details in the attached document
Regards
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MVC, Windows 8 Apps, JavaScript and much more. Keep your skills current
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