01-16-2004, 03:33 AM
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 Re: Interest Calculation In microsoft.public.money, Joey wrote: - quote - > Is there a way to configure Money (either on a loan-by-
If you enter the loan payments and dates, Money will calculate the> loan basis or system-wide) so that it calculates the > interest portion of my loan payment based on a uniform 30- > day month/360-day year, which is the way my bank > calculates it, rather than on the number of days elapsed > between payments (or due dates)? interest rate. If you do it that way, it won't much matter whether money computes a year as 365.25 days or 360 days. Let Money calculate the interest rate. |
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#-1
01-16-2004, 01:03 AM
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| Interest Calculation Is there a way to configure Money (either on a loan-by- loan basis or system-wide) so that it calculates the interest portion of my loan payment based on a uniform 30- day month/360-day year, which is the way my bank calculates it, rather than on the number of days elapsed between payments (or due dates)? |
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| calculation, interest |
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