Hello.
We use the Declining balance calculation with interest recalculation
to compute the payment schedule. We have transformed of our 4 %
monthly rate into an equivalent 60.1% annual rate, and calculating at
excel we have this:
N° Cuota Capital Amortizacion de capital Interes Cuota
1 900,00 135,69 36,00
171,69
2 764,31 141,11 30,57
171,69
3 623,20
146,76 24,93 171,69
4 476,44 152,63 19,06
171,69
5 323,82
158,73 12,95 171,69
6
165,08 165,08 6,60 171,69
Total
900,00 130,11 1.030,11
But we have this results which are similar but not the same in the
mifos system :
Numero Plazo Principal Interes Cuotas Total
1 131,925 45,075 0
0 177
2 138,55 38,45 0
0 177
3 145,508 31,492 0
0 177
4 152,813 24,187 0
0 177
5 160,485 16,515 0
0 177
6 170,719 9,281 0
0 180
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