Mexina Daniel created FINERACT-417:
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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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