[jira] [Resolved] (FINERACT-1781) Interest is wrong for the first instalment.

["Dhaval Maniyar (Jira)" <ji...@apache.org>]

     [ https://issues.apache.org/jira/browse/FINERACT-1781?page=com.atlassian.jira.plugin.system.issuetabpanels:all-tabpanel ]

Dhaval Maniyar resolved FINERACT-1781.
--------------------------------------
      Assignee: Dhaval Maniyar
    Resolution: Fixed

> Interest is wrong for the first instalment.
> -------------------------------------------
>
>                 Key: FINERACT-1781
>                 URL: https://issues.apache.org/jira/browse/FINERACT-1781
>             Project: Apache Fineract
>          Issue Type: Bug
>          Components: Loan
>            Reporter: Dhaval Maniyar
>            Assignee: Dhaval Maniyar
>            Priority: Major
>             Fix For: 1.7.0
>
>         Attachments: Screenshot 2022-10-17 at 3.29.10 PM.png, screencapture-65-0-42-17-8443-community-app-2022-09-15-19_24_16.png
>
>
> Steps to reproduce:
> 1. create a Loan product as below.
> !screencapture-65-0-42-17-8443-community-app-2022-09-15-19_24_16.png|width=428,height=554!
> 2. set the disbursement date as 06 May 2022.
> 3. set the first repayment date as 27 May 2022.
> 4. check the interest for the 1st instalment. It should be 39.94 but it was 57.06 for 21 days.
> !Screenshot 2022-10-17 at 3.29.10 PM.png|width=574,height=429!  



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