FAQ 939: Effective Interest Rate error

Problem: I am getting an error indicating that the effective interest rate is outside the range of funding rates. Why did this happen?

Solution: You will get this error message when running valuation calculations if the same interest rate is coded in all three segment rate fields on the PPAFASMP screen, in the Min fields. You can use the spyglass button next to the Min Interest Rate 1 field to choose from the available options for these rates or enter them by hand. Note that even though an error message was generated, all other calculations were performed. After updating the Min segment rates, run Calculate Effective Interest Rate again to update the EIR.