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To define an intermediate formula, click ‘Intermediate’ in the ’Components’ tab of the screen. The
‘Intermediate Formula - Expression Builder’ screen is displayed.
Formula Name
Specify a suitable name to identify the formula that you are defining. After you specify the name
you can define the characteristics of the formula in the subsequent fields. You have to use the
name captured here to associate a formula with a schedule. The name can comprise of a
maximum of 27 alphanumeric characters.
Round Up/Down (Decimal)
If you want to round off the results of an intermediate formula, you can indicate whether the result
should be rounded up or rounded down by choosing one of the following values from the dropdown list:
 Up
 Down
Compound Days/Months/Years
If you want to compound the result obtained for the intermediate formula, you have to specify the
frequency for compounding the calculated interest.
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