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Former Member
May 21, 2009 at 01:46 PM

Effective interest rate

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Hi,

I have a requirement where the client wants to calculate 'Effective interest' as the interest calcualtion method which should include, apart from the interest, the issuance cost like Discount on issue, broker fees etc.

I am using Product type 55A but it is calcualting only the actual interest and does not take into account the other expenses.

What should I do ? Please advise.

Thanks

Kalyan