fineract-dev mailing list archives

Site index · List index
Message view « Date » · « Thread »
Top « Date » · « Thread »
From "Santosh Math (JIRA)" <j...@apache.org>
Subject [jira] [Updated] (FINERACT-343) Interest calculation on flat loans using wrong payment Periods In One Year
Date Mon, 13 Feb 2017 11:35:41 GMT

     [ https://issues.apache.org/jira/browse/FINERACT-343?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
]

Santosh Math updated FINERACT-343:
----------------------------------
    Labels: P2  (was: )

> Interest calculation on flat loans using wrong payment Periods In One Year
> --------------------------------------------------------------------------
>
>                 Key: FINERACT-343
>                 URL: https://issues.apache.org/jira/browse/FINERACT-343
>             Project: Apache Fineract
>          Issue Type: Bug
>          Components: Loan
>            Reporter: Santosh Math
>            Assignee: Markus Geiss
>              Labels: P2
>
> Reported by AndrewDzakpasu at https://mifosforge.jira.com/browse/MIFOSX-1887
> Original Description:
> Create a flat loan product using 30 days p/m and 360 days p/y repayment type . create
a loan using this product
> For example: If this works correctly and I do a 30 day loan with 20% per month interest
in environment I would expect the interest on 1.000$ to be $200. Right now because it defaults
to DefaultPaymentPeriodsInOneYearCalculator using the 
> method public Integer calculate(final PeriodFrequencyType repaymentFrequencyType) 
> which uses hard coded days in a year as 365 instead of 360 which was created with the
product. when previewing the schedule it shows 197.23 instead of 200 dollars.



--
This message was sent by Atlassian JIRA
(v6.3.15#6346)

Mime
View raw message