Dear Team,
Loan amount is 1,00,000. If we maintain loan in infotype 0045 as external payment in 01.01.2024 and loan repayment starts at 01.02.2024 , interest is 10 % on reducing balance method.
I have maintained 8333.33 as installment amount for 1 year. Now the interest in february is calculating 100000-8333.33 = 91667 *interest /12 (1 year) = 763 (Interest amount)
My client wants the interest calculation on 1st month on 100000 , Interest 10 % =833. ie 100000*10/12 =833 . 2nd month =763, 3rd month ...Kindly let me know
Thanks
Raavi
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