Test report: Scheduled Transactions

[Derek Atkins]

Tim Wunder <twunder@iwmail.com> writes:

> Can I get the current balance of an account as a variable? Say, to get 
> the current principal balance of a loan for calculating interest for a 
> loan. The SX would look like:
>          Acct		Deposit		Withdrawal
> 	Checking:			$1000.00=<pmt>
> 	Loan:		<pmt>-<int>-<escr>
> 	Interest:	<loan principal>*.06/12=<int>
> 	Escrow:		$244.64=<escr>

This is a very simplistic view of interest and does not take
compounding into effect...  But in general, yes, this is what
I'd like to do, too.

> <pmt> and <escr> are fixed and manually entered, the rest gets calculated.

Well, the ".06" and "12" (rate and term) would get entered manually,
too.  I'm not sure how you calculate variable-rate loans, however.

> Is that possible?
> 
> Tim

-derek

-- 
       Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
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