Installment amortization can you please tell me where i can maintain below formula (condition) and how i can maintain in standard sap functionality (Whether we need to use any user exit).
I have to calculate Installment = Principal + Interest the base is reducing balance method and amortization method.
A = L*(R/(1-(1+R)^-P))WHERE,
A = INSTALLMENT AMOUNT
L = LOAN BALANCE
R = INTEREST RATE/12
P = REMAINING REPAYMENT PERIOD
Please find attachment of Product category in Product Category where we can assign this formula?