gnucash-docs maint: Bug 769746 - Zero interest loan formula fails.
John Ralls
jralls at code.gnucash.org
Thu Sep 15 18:03:47 EDT 2016
Updated via https://github.com/Gnucash/gnucash-docs/commit/b201b540 (commit)
from https://github.com/Gnucash/gnucash-docs/commit/67035b26 (commit)
commit b201b540faacad0c70234fd2e4b24b4efc815ebb
Author: John Ralls <jralls at ceridwen.us>
Date: Thu Sep 15 15:02:24 2016 -0700
Bug 769746 - Zero interest loan formula fails.
Document that the Mortgage Assistant doesn't support 0-interest loans.
Provide instruction for creating a zero-interest loan repayment
as a simple scheduled transaction.
diff --git a/help/C/Help_ch_Tools_Assistants.xml b/help/C/Help_ch_Tools_Assistants.xml
index 06e1953..657f7a5 100644
--- a/help/C/Help_ch_Tools_Assistants.xml
+++ b/help/C/Help_ch_Tools_Assistants.xml
@@ -2330,7 +2330,8 @@
a scheduled transaction, the assistant creates a variable formula so that the
compounding interest is correctly calculated. To start this assistant manually go to
<menuchoice><guilabel>Actions</guilabel><guisubmenu>Scheduled Transactions</guisubmenu>
- <guimenuitem>Mortgage and Loan Repayment...</guimenuitem></menuchoice>.</para>
+ <guimenuitem>Mortgage and Loan Repayment...</guimenuitem></menuchoice>.</para>
+ <para>It does not support zero-interest loans, but one doesn't really need an assistant for that: Just create a scheduled transaction for the principal divided by the number of payments that lasts for the number of payments. For example, if one has borrowed $1200 for a year at no interest and promised to pay it back in monthly installments, the repayment schedule is $100 monthly for twelve months.</para>
<para>The Mortgage and Loan Repayment assistant opens with a screen that briefly
describes what this assistant does. The three buttons at the very bottom of the screen
@@ -2370,7 +2371,7 @@
</listitem>
<listitem>
- <para><guilabel>Interest Rate:</guilabel> Enter the loan interest rate.</para>
+ <para><guilabel>Interest Rate:</guilabel> Enter the loan interest rate in percent per compounding period. The Assistant supports rates between .001% and 100%.</para>
</listitem>
<listitem>
Summary of changes:
help/C/Help_ch_Tools_Assistants.xml | 5 +++--
1 file changed, 3 insertions(+), 2 deletions(-)
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