Principal payments for declining balance loans dont add up to loan amount

Description

From Aliya:

When you create a loan schedule for declining balance loans, if you sum up the
principal amount for each payment, it is off from the expected total principal
amount by a few decimal places (eg. 10000.4 instead of 10000). This is also a
concern for Nag and he wants this research to understand if this is some
expected adjustment rule or rounding error (I think rounding error). Again, he
needs to know this so that they can determine if they can account for this in
their accounting system at the end of each month when they move to declining
balance loans.

Note that the total principal shown on the loan details page is correct - just
different from when you add the sum of the prinicipal payments.

Environment

Platform: All, OS: All

Activity

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aliyaw
March 28, 2008, 6:44 PM

Assigning all money.java/rounding related issues to Van since he is leading the
development effort in this area.

Keith Pierce
May 28, 2008, 4:34 PM

This should be fixed with the release of new financial calculation code.

Jeff Brewster
May 28, 2008, 6:41 PM

change QA contact to Jeff

Jeff Brewster
June 11, 2008, 5:14 AM

Created an attachment (id=821)
Selenium test case

Jeff Brewster
June 11, 2008, 5:18 AM

Verified. specifics of this issue are incorporated in financial calculation
test case fincalc-tc-04. Selenium script for that test case is attached.

Fixed

Assignee

Van Mittal-Henkle

Reporter

emilytucker

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