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Financial - JDE1 (MOSC)

DELINQUENCY LATE FEES CALCULATION

Aug 31, 2020 4:02PM edited Sep 8, 2020 2:33AM in Financial - JDE1 (MOSC) 9 commentsAnswered

Hello Team,

I would like to understand the calculation for Late Fees in case of delinquency fees R03B22 report

Open Amount : 2596

No of days Past : 1288

No of days in 2020 : 366

Interest Rate : 20 %

As per the O/P late fees is coming as 1,808.69 which is not coming as per my calculation . Could you please help me on this calculation issue ?

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