Subscription Plan billing wrong amount

I have created a plan that bills customer every 1 year. However when customer makes payment, the amount charged is the price i set divided by 12, which means they are being charged monthly rate for an annual payment plan.

Issue occurs when I set the Calendar billing to "I'll choose the billing date". Issue does not occur when "Same date as the subscription created date" is chosen.

I have plans that are annual and plans that are monthly.

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