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Effective Interest Rate

Effective Interest Rate

Effective Interest Rate

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000001.gif To calculate interest on receivables/payables using effective interest rate select type C - Effective Interest Rate in the interest rate table!

 

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000001.gif To see examples of the nominal (relative) interest calculation see Using Relative Interest Rate and Comparing Relative and Effective Interest Rate Calculation.

 

You can use the same interest calculation rates both in the custom interest calculation and interest calculation by documents or payments. The only difference being that in the custom interest calculation you enter principals manually. On the other hand, principals and any subsequent changes are for the other two types of calculations located on subject accounts or general ledger.

Common characteristics can be represented with the following examples:

 


 

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