Can we create a Late Charge schedule with multiple options?

Hi there!

We are on R12.2.7. and have been usin Late Charge schedules with different Profile Classes.

Question is==>

Can we apply a late charge on a transaction which will calculate as:

Check the Transaction Amount:
a.) if equal or less than $ 100.00 then apply the FLAT FEE of $15.00
b.) if greater than $ 100.00 then apply a late fee which is =Invoice Amount X 15%

Is there a way to make the Late Charge to be calculated as above?

Any suggestions are highly appreciated.

Regards,

DE