| | |||
| |||
| Given your unique requirements, it would probably be easier to make this a Liability account and to add the interest expenses to the liability by hand. "Vivek Dabke" <Vivek Dabke[at]discussions.microsoft.com> wrote in message news:8BABB614-4885-4135-B025-279567CEEE71[at]microsoft.com... - quote - > I am setting up a new loan account in Money 2007. This is an interest-only > account, with the principle to be paid off after 1 year. Interest is to be > paid quarterly. When I enter all the information in the new loan wizard, > it > calculates the interest amount based on simple interest, whereas the > interest > of the loan has monthly compounding. Is there a way to fix that? |
|
#-1
| |||
| |||
| Hello, I am setting up a new loan account in Money 2007. This is an interest-only account, with the principle to be paid off after 1 year. Interest is to be paid quarterly. When I enter all the information in the new loan wizard, it calculates the interest amount based on simple interest, whereas the interest of the loan has monthly compounding. Is there a way to fix that? Thanks in advance |
| Tags |
| compound, interest, loan |
Similar Threads | ||||
| Thread | Forum | Replies | Last Post | |
| Compound interest P Hargreaves: I have a money market investment account where quarterly interest is compounded, ie added to the investment amount. I have tried entering this as... | Microsoft Money | 4 | 04-07-2006 11:33 PM | |
| Home Equity Loan - Interest computed on a 365/365 simple interest basis Kathleen Anderson [MVP - FrontPage]: I recently took out a Home Equity Loan with Bank of America and set it up in Money 2004. The first payment was taken by auto-debit a couple of days... | Microsoft Money | 11 | 10-21-2005 03:45 PM | |
| Interest Only loan stevev: How do you set up a home mortgage that is interest only for the first 5 years? When you go through the "normal" setup Money splits the payment... | Microsoft Money | 1 | 04-09-2005 08:21 PM | |
| Variable Interest Loan agrag: I just purchased a house. I have an 80% fixed (30yr) loan and a second loan (15 yr) variable interest rate. I got the fixed rate loan setup fine... | Microsoft Money | 2 | 04-10-2004 02:00 AM | |
| Thread Tools | |
| Display Modes | |
| |