loan prepayment
Dawning Sky
the.dawning.sky at gmail.com
Thu Mar 15 02:28:23 EDT 2007
Hi,
I've been using SX to automatically create a monthly auto loan
repayment. I'm wondering how should I handle the prepayment. Simply
creating a new loan won't work, since I still need to pay the same
monthly payment after the prepayment.
>From googling, I learnt that there was some discussion back in 2002 on
using the current balance in the principal account to calculate the
interest. But I couldn't find any docs on how to use this. I'm
wondering whether this functionality was ever implemented, and how I
should approach to this problem?
Thanks,
DS
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