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Exponential Interest Calculation ( RELNBANK_462_BCA_EXPVERZ )

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Short text

Exponential Interest Calculation

Use

As of Release 4.62, exponential calculation of interest amounts is also possible. You can specify this when creating or changing interest conditions.

For exponential interest calculation the amounts are calculated according to the following formula:

Amount = calculation base amount * ( q ** (days / base days) - 1 )

where q = 1 + percentage rate / 100 (compounding factor)

For linear interest calcculation the amounts are caclulated according to the following formula:

Amount = calculation base amount * percentage rate / 100 * days / base days

Effects on Existing Data

Effects on Data Transfer

Effects on System Administration

Effects on Customizing

Further Information

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