Article Details
| Id: | 17482 |
| Product: | finPOWER Connect |
| Type: | FIX |
| Version: | 3.03.04 |
| Opened: | 08/10/2020 |
| Closed: | 12/10/2020 |
| Released: | 02/12/2020 |
| Job: | J025255 |
 High Importance |
|
 Breaking Change |
|
Financial Calculation; if rounding Payments, if a rounded Payment cannot be found it now falls back to an unrounded Payment
When calculating a Loan Account Payment schedule and rounding Payments, if the result cannot be calculated, the calculation now falls back to using an unrounded Payment.
This means finPOWER Connect will not return an error trying to make the calculation.
For example, a $1000.00 Loan at 0% Interest, rounded to $1.00 gives the following payments:
- 50 instalments
- 50 * $20.00
- 39 instalments
- 38 * $26.00 + $12.00
- 60 instalments
- 59 * $16.00 + $56.00 (final instalment is larger than regular instalment)
- 59 * $17.00 - $3.00 (final instalment is negative)
- Failed to calculate a rounded Payment, so falls back to unrounded:
- 59 * $16.67 + $16.47