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What is Lease Rate Calculation Enhancement about?

This document discusses a bug related to the incorrect calculation of lease rates by period in Oracle Assets when an annual interest rate is provided. The current calculation method divides the annual rate evenly among periods, but the correct method is to take the periodic effective rate as (1 + annual rate)^(1/periods) - 1. The bug impacts interest and principal reduction calculations. A request is made to modify the rate calculation method to meet business needs.

Author

mymle1

Language

EN