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Aug 09, 2016 at 09:30 AM

How system taking Effective Interest rate defaultly in infotype 0045,and where it is used.

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Dear Experts

I've maintained IT0045, and under conditions tab I've maintained "5% monthly interest and rate". but after clicking on Instalment caluculation button , 5.1239% is coming as "Effective Interest rate" under same condition tab. How this interest rate is calculated and where is it being used, please advise.

if i check on payment plan caluculation only based on 5% only.

awaiting for your earliest reply

Krish