Go Back   CDN Business Directory > Main Category > Microsoft Money

 
 
Thread Tools Display Modes
 
Old 02-20-2007, 11:58 AM
Dick Watson
Guest
 
Posts: n/a
Default Re: Compound interest loan

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  
Old 02-20-2007, 05:14 AM
Vivek Dabke
Guest
 
Posts: n/a
Default Compound interest loan

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

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off

All times are GMT. The time now is 08:39 PM.