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http://mifosforge.jira.com/browse/MIFOS-5035?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel
]
Kay Chau reassigned MIFOS-5035:
-------------------------------
Assignee: Kay Chau (was: mifosqa)
> Interest calculation for variable installment loans should be declining but
> with daily interest calculation and should be recalculated when dates are
> changed on 'review installments page' of loan creation
> ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
>
> Key: MIFOS-5035
> URL: http://mifosforge.jira.com/browse/MIFOS-5035
> Project: mifos
> Issue Type: Bug
> Components: Loan Account
> Affects Versions: Release G
> Reporter: keithwoodlock
> Assignee: Kay Chau
> Priority: Critical
> Fix For: Release G - Iteration 8, Release G
>
> Attachments: differencesBetweenFreleaseAndGrelease.png
>
>
> The 'variable installments' feature added for loans in 2.1 limits interest
> calculation for that type of product to be declining but it differs from
> 'declining' used previously in application as it calculates the interest
> based on days and not weeks/months frequency which will cause some
> differences in interest computed.
> Tejus updated the specs to desbribe this here under the heading "Repayment
> Schedule Generation":
> http://mifosforge.jira.com/wiki/display/MIFOS/Variable+Loan+Installments+and+Cash+Flow+Comparison+Functional+Spec
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