Hi All,
Can someone please explain what “accountBalance” in savings accounts
constitutes; Does it account for the client’s principal balance and interest
payment or just the client’s principal balance? This can be seen in the
api-docs under the List savings applications/accounts section here ->
https://demo.mifos.io/api-docs/apiLive.htm#savingsaccounts_list
Also, kindly clarify how Mifos calculates interest on savings. Is it simple or
compounded?
Thank you.
Regards,
Oyinlola
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