George , Could you please replicate the same on the demo servers and share the loan ID's ?
If you are using declining balance interest calculation, manually changing the first scheduled repayment date would result in a corresponding adjustment to the interest calculated over the duration of the loan Regards, Vishwas > On Feb 29, 2016, at 5:24 AM, Georges Lteif <georgeslt...@almajmoua.org> wrote: > > Hello All > i have been doing some tests on different calculations for the MifosX interest > > what i have done is: > create a product with a monthly interest of 1.3% > Rounding mode if half up > no decimals > flat interest > > and created a loan of an amount of 2900$ over a term of 21 months / 21 > Payments/ 1 payment per month > > I used the first repayment date to try different scenarios and the weird > thing is that the total interest amount is changing each time i specify a > different 1st repayment day > i added some screenshots for 3 scenarios to show how the last payment > interest is changing, where i used 3 different 1st repayment dates (mid > march) , 1st of april and 12th of april > > my question is why the total interest is changing according to the first > repayment day, shouldn't the total interest be calculated according the > capital and number of months regardless when the 1st repayment is set? > am i missing some configuration somewhere? > > thanks > <Screenshot_1.jpg> > <Screenshot_2.jpg> > <Screenshot_3.jpg> > ------------------------------------------------------------------------------ > Site24x7 APM Insight: Get Deep Visibility into Application Performance > APM + Mobile APM + RUM: Monitor 3 App instances at just $35/Month > Monitor end-to-end web transactions and take corrective actions now > Troubleshoot faster and improve end-user experience. Signup Now! > http://pubads.g.doubleclick.net/gampad/clk?id=272487151&iu=/4140 > _______________________________________________ > Mifos-users mailing list > Mifos-users@lists.sourceforge.net > https://lists.sourceforge.net/lists/listinfo/mifos-users ------------------------------------------------------------------------------ Site24x7 APM Insight: Get Deep Visibility into Application Performance APM + Mobile APM + RUM: Monitor 3 App instances at just $35/Month Monitor end-to-end web transactions and take corrective actions now Troubleshoot faster and improve end-user experience. Signup Now! http://pubads.g.doubleclick.net/gampad/clk?id=272487151&iu=/4140 _______________________________________________ Mifos-users mailing list Mifos-users@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/mifos-users
