Post by wiseclerk on Feb 7, 2015 23:04:10 GMT
Newbie question:
I earned interest on PBL022 today.
On the loan part detail page it says
That seems right.
However on my 'Transactions to date' page it says
Am I right to assume that the discrepancy of £0.23 is caused because this part of the interest is for the time from Feb 01st till Feb 6th and will be paid with the interest in the end of February?
I earned interest on PBL022 today.
On the loan part detail page it says
Loan Part Detail
Loan part value £100.00
Loan part rate of return 12% / year
Loan part start date 16/01/2015
Loan part age 22 days
Interest earned £0.72
That seems right.
However on my 'Transactions to date' page it says
31/1/2015 Interest 18215 Property Bridging Loan 022 (£100.00) 16/1/2015 £0.49 £0.49
Am I right to assume that the discrepancy of £0.23 is caused because this part of the interest is for the time from Feb 01st till Feb 6th and will be paid with the interest in the end of February?
