Hello Vishwas
all our loans are with flat interest
i replicated the scenarios
-found on mifos test server under client with my Name (George Mitri Lteif)
loans IDS are
IL13000000216
IL13000000215
IL13000000214
*its like the interest changes whenever you change he first repayment date*
On Tuesday, March 1, 2016 at 2:55:42 AM UTC+2, vishwa...@gmail.com wrote:
>
> 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 <george...@almajmoua.org
> <javascript:>> 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>
> >
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