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May 26, 2011 at 07:44 AM

Regarding Annuity loan repayment amount in SAP

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Hi All,

How the system calculates annuity loan repayment installment in SAP

We have a employee

whose infotype 0045 condition is as follows

Loan conditions Annuity loan Period:01.02.2009 to 31.03.2015

Effective interest rte 2.5298 %

Repayment start 01.02.2009

Annuity instal. 3,300.00 INR

Annuity Cycle:

First period:01

Interval:01

But in Loan repayment plan of 0045 it In the first month repayment installment

System is showing rs Rs2829 instead of Rs3300.How the system is calculating this?

Regards

Surajit