Newbie migration issues
Derek Atkins
warlord at MIT.EDU
Sat Jan 29 09:31:28 EST 2005
Rod Engelsman <rodengelsman at ruraltel.net> writes:
> I go into the Loan Druid. On the first screen I enter 8183.47 in the
> "Amount" box. Loan account is "Liabilities:Loan:Student Loan". Interest
> rate 3.125%. Type is "Fixed". Start date 2/20/2005. Length is 476 months
> (calculated by the Financial Calculator). Months remaining says 476 as
> well. Hit "Next".
Uh, 476 months is over 39 years. I don't think that's correct.
One thing to keep in mind is that the current loan druid is fairly
limited. It doesn't handle variable-rate loans, which you apparantly
have. It pretty much only deals with simple loans with a constant,
fixed amortazation, which again you do not have.
-derek
--
Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
Member, MIT Student Information Processing Board (SIPB)
URL: http://web.mit.edu/warlord/ PP-ASEL-IA N1NWH
warlord at MIT.EDU PGP key available
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