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Interest Nominal Calculation - Does not Match with Percentage Rate

inturidevendra
Participant
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1743460 - Compound Interest with different method calculation bases - SAP for Me 

Trying to implement Compound interest as listed in the note above in S/4 system; updating entries into the tables is not helping. 

Created a transaction using T.Code "FTR_CREATE" with Variable Rate using formula to determine Interest Percentage, Settles and ran Interest Rate Adjustment. 

Pmnt Amount 117,996.53 for 50,000,000.00 does not match with percentage rate 1.80%; expected 900,000.image.png

1.80% - Variable rate - Determined using a formula. 

Please let me know how to resolve these. 

Thank You for your time. 

inturidevendra
Participant
0 Kudos
Issue resolved ..

Accepted Solutions (1)

Accepted Solutions (1)

inturidevendra
Participant
0 Kudos

Issue Resolved .. 

50000000 * Percentage Rate/100 * <Working Days>/252

Answers (0)