Article Details
Id: | 13840 |
Product: | finPOWER Connect |
Type: | FIX |
Version: | 3.00.00 |
Opened: | 20/05/2016 |
Closed: | 20/05/2016 |
Released: | 06/07/2016 |
Job: | J017408 |
Pre-Computed Flat Interest Rate Loans; fails to calculate the first time if using a Start-up Period
Pre-Computed Flat Interest Rate Loans fail to calculate the first time if a Start-up Period has been defined.
In the New Account wizard enter a new Loan using an Account Type using Precomputed Contractual Interest and a "Flat Rate basis". Then on the Financial page enter a Start-up Interest period. Click "Calculate", finPOWER Connect displays "Total Interest value specified is too large". Click "Calculate" again and the Loan is calculated correctly.