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Old 08-04-2003, 06:47 AM
Cal Learner-- MVP
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Default Re: Daily Interest on Mortgage Accounts

In microsoft.public.money, Wazza wrote:

- quote -

> I have tried to set up my Mortgage account many times,
> but there appears to be no option for Interest calculated
> on a daily basis. Is anyone aware of an option or work-
> around? Very frustrating, as Money calculates it
> Monthly, and I can never seem to get my mortgage account
> right!
> Any ideas appreciated.

Set up your loan with what you know, but leave the interest blank.
Let Money calculate the annualized interest.

  #-1  
Old 08-04-2003, 05:44 AM
Wazza
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Default Daily Interest on Mortgage Accounts


I have tried to set up my Mortgage account many times,
but there appears to be no option for Interest calculated
on a daily basis. Is anyone aware of an option or work-
around? Very frustrating, as Money calculates it
Monthly, and I can never seem to get my mortgage account
right!

Any ideas appreciated.
 

Tags
accounts, daily, interest, mortgage
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