This activity is used to enter interest(discount) rates applicable for lease accounting.
In order to enter information in the Interest Rates section, the general information must have been entered on the Lease Accounting Contract page.
As a result of this activity, interest(discount) rates are available for the Lease Accounting process.
Annual interest (discount) rate is used to calculate the present value of minimum lease payments (PVMLP) and the periodic accrued interest values in the Amortization Schedule tab in the Lease Accounting Contract page.