[jira] [Updated] (FINERACT-612) Interest Calculation for partial early payment is incorrect
[ https://issues.apache.org/jira/browse/FINERACT-612?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ] Edward Cable updated FINERACT-612: -- Labels: 2019-mifos-gsoc gsoc p2 (was: gsoc p2) > Interest Calculation for partial early payment is incorrect > --- > > Key: FINERACT-612 > URL: https://issues.apache.org/jira/browse/FINERACT-612 > Project: Apache Fineract > Issue Type: Bug > Components: Loan >Affects Versions: 1.0.0 > Environment: https://demo.openmf.org/#/viewloanaccount/2522 >Reporter: Marcell >Priority: Major > Labels: 2019-mifos-gsoc, gsoc, p2 > > Loan Configuration : > Interest : 32.04% / year > Loan term 150 Days > Repayment : 1x > Disburse date : 4 Oct 2017 > Mature Date : 3 Mar 2018 > Loan Amount : 85,000,000 > > 1st early repayment > Date : 25 Jan 2018 > Amount : 9,000,000 > Expected allocated paid to interest : 113 Days x (32.04%/360) = 8,548,450 > Expected allocated paid to pricipal : 9,000,000 - 8,548,450 = 451,550 > However, Mifos allocate all payment into interest > https://demo.openmf.org/#/viewloanaccount/2522 > -- This message was sent by Atlassian JIRA (v7.6.3#76005)
[jira] [Updated] (FINERACT-612) Interest Calculation for partial early payment is incorrect
[ https://issues.apache.org/jira/browse/FINERACT-612?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ] Santosh Math updated FINERACT-612: -- Labels: gsoc p2 (was: ) > Interest Calculation for partial early payment is incorrect > --- > > Key: FINERACT-612 > URL: https://issues.apache.org/jira/browse/FINERACT-612 > Project: Apache Fineract > Issue Type: Bug > Components: Loan >Affects Versions: 1.0.0 > Environment: https://demo.openmf.org/#/viewloanaccount/2522 >Reporter: Marcell >Priority: Major > Labels: gsoc, p2 > > Loan Configuration : > Interest : 32.04% / year > Loan term 150 Days > Repayment : 1x > Disburse date : 4 Oct 2017 > Mature Date : 3 Mar 2018 > Loan Amount : 85,000,000 > > 1st early repayment > Date : 25 Jan 2018 > Amount : 9,000,000 > Expected allocated paid to interest : 113 Days x (32.04%/360) = 8,548,450 > Expected allocated paid to pricipal : 9,000,000 - 8,548,450 = 451,550 > However, Mifos allocate all payment into interest > https://demo.openmf.org/#/viewloanaccount/2522 > -- This message was sent by Atlassian JIRA (v7.6.3#76005)
