Automatic loan payment calculation.
HomerWelch
hjwxxx@home.com
Wed, 07 Nov 2001 16:42:48 -0500
On Tue, 2001-11-06 at 14:01, Robert A. Uhl wrote:
> > > On Tue, Nov 06, 2001 at 12:49:59PM -0800, Dave Peticolas wrote:
> > >
> > >There is code in the source tree to do this, but it hasn't
> > >been integrated into a gui yet. It should probably be integrated
> > > with the scheduled transactions feature being developed.
> > Any chance that scheduled transactions will be able to handle
> > sum-of-digits depreciation? Done right, I'd think it would, but
> > perhaps there may be a good reason to run in fear from it:-)
> What is sum-of-digits depreciation?
Its a method of calculating depreciation. Its a ratio of the
years of life expectancy in reverse order to the sum of those
digits. For example, if the life expectancy is three years:
(3+2+1)/6
The depreciation in the first year is 3/6, in the second year 2/6
and the third year is 1/6.
The formula
S=(N*(N+1))/2
may be used to find the denominator.
For financial info I use
"Financial Management" by Siegel and Shim
a part of the Barron's Business Library
--
Homer J. Welch hjwxxx@home.com
Troy, Michigan