Loan Contract template; Updated "Method for charging interest" block for Annualised Interest

The "Method for charging interest" block for Annualised Interest in the Loan Contract template has been updated.

It now states, given an End of Month Interest cycle:

Method of charging interest
Interest charges are calculated by multiplying the average unpaid daily balance for the preceding month by a monthly interest rate. The monthly interest rate is calculated by dividing the annual interest rate by 12. Interest is charged to your account every end of month.

The VBA document amended is "Loan_Contract_NZCCCFA.dot".