Financial Charges

Apr 24, 2007 0 Replies

I try to use surcharges feature, but I got problem (the nominal of current or charges is not what I have expected according to this calculation 1/365 *



100% * $100 * NumDays) Example: Transaction on April 1 $100.00 Due after closing date plus 30 days Minimum payment $10.00 Annual Interest Rate 100% In RMS the financial charge were produced as follow: April 1 current or charges $100, June 1 current or charges, $0.548, July 1 current $8.767 and charges 8.219. Those nominal are same if I try to calculate them manually. But by RMS, date 8/1 current or charges $8.562 and 0n 9/1 the current or charges $9.261. Those nominal are different if I try to calculate them manually. Please, explain.Thank you.

Best regards, Risda Siregar


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