Hope you are doing well Guys!. Sorry Guys, First email I was wrong, this is the right explanation.
I am configuring a loan product in Mifos 21 but I fail somewhere finding that the interest calculation is not the same as we expected. for example, Our calculation is, Principle = 4,000,000 Interest per 6 month = 6.5%. The formula is 4,000,000 x (6+1) / 100. According to the formula the interest per six month will be 280,000. 6 = loan term 1 = addition of one month 4,000,000 = Principal What I can do to have such a result. Please help is so important
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