Entering formulas in scheduled transactions
Jon Lapham
lapham at extracta.com.br
Mon Sep 8 23:07:53 CDT 2003
Derek Atkins wrote:
> According to webster:
>
> am.or.tize [high falutin' definition stuff snipped]
> to provide for the gradual extinguishment of (as a mortgage)
> usu. by contribution to a sinking fund at the time of each
> periodic interest payment
Derek, you mean to tell me that when you needed an authoritative
definition for amortization, you thought of Webster before the GnuCash
documentation?! :)
But seriously, is our definition okay?
http://www.gnucash.org/docs/v1.8/C/gnucash-guide/loans_concepts1.html#loans_conceptsterms2
Amortization - the repayment plan which will insure that a loan is
eventually paid off, typically utilizing equal valued monthly payments.
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Jon Lapham <lapham at extracta.com.br> Rio de Janeiro, Brasil
Work: Extracta Moléculas Naturais SA http://www.extracta.com.br/
Web: http://www.jandr.org/
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