Problem With Calculation Of Interest Rate In Current Amortization
Last updated on OCTOBER 25, 2017
Applies to:Oracle Loans - Version 12.1.3 and later
Information in this document applies to any platform.
On : 12.1.3 version, Amortization
System calculate wrong interest amount in Current Amortization.
You create a loan of Rs. 390000.00, interest rate is 13.75%,
Principal and interest payment frequency is quarterly and interest calculation method is compound.
Compounding frequency is quarterly, in original amortization schedule the principal and interest calculation is Good.
Generate billing for the principal amount the interest calculation in Current Amortization schedule is showing wrong amount when the principle and interest is not paid
System should not calculate wrong interest amount in Current Amortization.
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
My Oracle Support provides customers with access to over a
Million Knowledge Articles and hundreds of Community platforms