From 622a4307ecba8bc3bd3dca03b2aff8e5a3ad7ccf Mon Sep 17 00:00:00 2001
From: Vishwas Babu A J <vishwas@confluxtechnologies.com>
Date: Thu, 26 Sep 2013 20:47:39 +0530
Subject: [PATCH] fix for daily interest calculation

---
 .../loanaccount/loanschedule/domain/LoanApplicationTerms.java   | 2 +-
 1 file changed, 1 insertion(+), 1 deletion(-)

diff --git a/mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/loanschedule/domain/LoanApplicationTerms.java b/mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/loanschedule/domain/LoanApplicationTerms.java
index 008e70ddc..4dd8cca6c 100644
--- a/mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/loanschedule/domain/LoanApplicationTerms.java
+++ b/mifosng-provider/src/main/java/org/mifosplatform/portfolio/loanaccount/loanschedule/domain/LoanApplicationTerms.java
@@ -542,7 +542,7 @@ public final class LoanApplicationTerms {
         switch (this.interestCalculationPeriodMethod) {
             case DAILY:
                 final BigDecimal dailyInterestRate = this.annualNominalInterestRate.divide(BigDecimal.valueOf(Long.valueOf(365)), mc)
-                        .divide(BigDecimal.valueOf(Double.valueOf("100.0")), mc).multiply(BigDecimal.valueOf(this.repaymentEvery));
+                        .divide(BigDecimal.valueOf(Double.valueOf("100.0")), mc);
 
                 final BigDecimal equivalentInterestRateForPeriod = dailyInterestRate
                         .multiply(BigDecimal.valueOf(Long.valueOf(daysInPeriod)));