Interest tier and late charge relationship -Question

Hi there,

I need someone to pls. verify below is correct: (NOTE: for some reason snip shots show double when a copy and paste below. Pls. disregard the double screen shots)

• Aging Buckets and Interest Tiers:

• Schedule Type: Amount
• Charge Schedules (as shown below):

All other Tiers ==>0-11 thru 0-26 are of Value: 0.

• Invoice Payment Term: IMMEDIATE
• Invoice Transaction Date: 01-mmm-yyyy

Question is:

Based on above set-ups when Late Charge Generate program is run on the 9th or the 10th of a month would it assess Late Charges to the Invoice with Transaction Date: 01-MMM-YYYY?

All input is highly appreciated!