Hi Kasia,
At what point does it get accurate (above which principal amounts and
number of installments) ? A Database Procedure can be a work around to
this if we know the exact figures which results in accuracy.
Regards
On Thursday, 3 January 2013 15:27:18 UTC+3, 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-accountsfor
> 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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