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| I don't think you can do it directly with Money/ the DRP. You might want to consider whether it's too much hassle to tell Money a computed rate. You could simply figure the amount of the balance likely to be from the transfers and the amount of the balance likely to be from the purchases. Then figure a weighted average rate. The combined interest rate will be: =(transferbalance/balance*transferrate)+(purchasebalance/balance*purchaserat e) Beware of the rules they apply for what order they pay down the balances. I'll bet they pay down the transferred balance, with the lower interest rate, first. Because of this, you'd continually have to refigure the weighted average rate to keep getting the optimal solution from DRP. Or, if you are above average with Excel, you could model what the DRP does outside of Money on your own and create a more sophisticated model tailored for your problem at hand. DRP is pretty well generalized. "kurt hartmann" <hartmannmd[at]comcast.net> wrote in message news:188b501c44aec$c4548ff0$a501280a[at]phx.gbl... - quote - > I am trying to figure out how (if possible) can I set > several different interest rates according to purchase > type within the same credit card account. (example: AMEX > Blue: purchases = 8.98% / Balance transfers = 3.9) > Any suggestions on how to accomplish this? It directly > impacts my debt planner plan. |
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| I am trying to figure out how (if possible) can I set several different interest rates according to purchase type within the same credit card account. (example: AMEX Blue: purchases = 8.98% / Balance transfers = 3.9) Any suggestions on how to accomplish this? It directly impacts my debt planner plan. |
| Tags |
| account, card, credit, interest, multiple, rates |
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