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PAY_VE_INT_604 - Select separating constant for interest rate

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In this activity of the implementation guide you can select the division constant for calculating the interest rate.

You can find the division constant for calculating the interest rate in the Payroll Constants table T511K. You select this constant in the feature VEINT.

Generated interest No of calendar days of mo.X Monthly interest rate
by a quantity A = --------------------------------------------------
Division constant

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