Primary grouping by period
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Showing examples of defining periods with amount range
1) Period from 1 day to 90 days, with amount range from 1 to 10000 and interest rate as 5%.
2) Period from 1 day to 90 days, with amount range from 10001 to none value (infinite amount) and interest rate as 5.5%.
i – Value is ending with open value (None), that is, above 10001 to infinite amount will be calculated for 5.5% with 1 to 90 days range.
3) Period from 91 day to open value (None) days, with amount range from 1 to none value (infinite) and interest rate as 6%.
ii – Period days is open value (None) days, that is, from 91 and above days.
iii – Value is ending with open value (None). That is, above 1, any amount will be calculated for 6% with 91 days range.
Primary grouping by amount
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Showing examples of defining amount range with periods
Is primary grouping by amount is checked box (Enables amount based grouping)
1) Amount range from 1 to 10000, with period from 1 to 90 and interest rate as 5%.
2) Amount range from 1 to 10000, with period from 91 to none value and interest rate as 5.5%.
i – Period type is ending with open value (None), that is, above 91 days to infinite days, will be calculated for 5.5% with 1 to 10000 amount range.
3) Amount range from 10001 to none value (infinite), with period from 1 to null value (Limit less amount) and interest rate as 6%.
ii – Period days is ending with open value (None) days, that is, from 1 to infinite days.
iii – Amount Value is ending with open value(None) i.e above 10001 to infinite amount, will be calculated for 6% 10001 and above range.