Per Diem payment may be calculated. The Commencing date must be prior to settlement date.
The formula for calculating per diem is (Total Payments - Residual) / Term * 12 / 365 * Number of Days between per diem commencement and settlement.
For a solution with a per diem payment, the term will be automatically increased by the number of months between per diem commencing and settlement, however the solution will solve using the original term.
Per Diem payments will calculate when the appropriate Finance Type is selected.
