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From "Mexina Daniel (JIRA)" <j...@apache.org>
Subject [jira] [Created] (FINERACT-417) The interest distributed is not correct when "interest free period" has a value and interest method is flat
Date Fri, 03 Mar 2017 13:51:45 GMT
Mexina Daniel created FINERACT-417:
--------------------------------------

             Summary: The interest distributed is not correct when "interest free period"
has a value and interest method is flat
                 Key: FINERACT-417
                 URL: https://issues.apache.org/jira/browse/FINERACT-417
             Project: Apache Fineract
          Issue Type: Bug
            Reporter: Mexina Daniel
            Assignee: Markus Geiss
            Priority: Minor


When in loan product the "interest free period" has a value, In the Repayment Schedule, the
total interest required is correct but the distribution of the interest is not.
Reproduce by:
1 Create loan product: Admin->Products->Loan Product->Create 
2. Default amount 40,000, re-payed every 1 month, number of repayments 4., nominal interest
rate 10, interest free period put  1, interest method : flat
3.Submit
4. Apply a loan to an active client and submit

When you view a repayment schedule, the interest in first installment is 0, the interest in
rest of installment are not equal even though it gives the correct total interest.





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