Update User Manual and Functional Spec for support of Declining Balance with
Monthly Interest Recalculation feature
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Key: MIFOS-5603
URL: http://mifosforge.jira.com/browse/MIFOS-5603
Project: mifos
Issue Type: Dev Task
Reporter: Ed Cable
Fix For: Margaret H
As of Mifos 2.3.2 release, Mifos now supports the Declining Balance with
Monthly Interest Recalculation interest methodology. Previous releases only
supported daily recalculation of interest.
Reflect this new calculation on the Interest Calculations for Loan Accounts
spec page:
http://mifos.org/functional-specifications/system-processing/interest-calculations-loan-accounts
and in the How to Define New and Change Existing Loan Products section:
http://en.flossmanuals.net/mifos-user-manual/how-to-define-new-and-change-existing-loan-products/
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