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# How do I create a Prepaid Interest fee?

A Prepaid Interest fee is created when the number of odd days and prepaid odd days interest is greater than zero. A Prepaid Interest fee with a credit is created when the number of odd days and prepaid odd days interest is less than zero.

The daily interest charges are calculated by dividing Prepaid Odd Days Interest by the number of odd days. The fee will be read-only and can only be removed or modified by changing the options for the Prepaid Odd Days Interest section on the Calculations page.