Property Manager - EBS (MOSC)

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Interest Definitions in Equipment Leases application (Part of PN)

edited May 24, 2019 5:01AM in Property Manager - EBS (MOSC) 2 commentsAnswered

Hi,

We are implementing the Equipment Lease module derived from the Property Manager functionality and I wish to know the difference between the Daily Compound Interest and the Linear Compound Interest options in the system options setup.

We will be using Daily Amortizations in the system options set up and the Days/Months pro ration rule for all leases.

I have read 'Impact Assessment Document for Bug# 28885404- Using COMPOUNDING RATE for COMPOUND INTEREST' otherwise known as

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