Amortization tool glitch?
Mike C.
subscribe307 at verizon.net
Fri Nov 27 08:46:44 EST 2009
I get 140 payments using both the GNUcash calculator and Excel. You
have to make the payment a negative number. The 277 payments seem wrong
for the parameters you stated. Am I missing something?
Mike
Steve Juniper wrote:
> I misplaced the amortization table I have been using for loan payments
> being made to me and have been trying to reconstitute it but get weird
> result from GC tool. Withe present value of $41,822.91, monthly
> payments of $419.55, interest at 6.25% and future value of zero I am
> given 4,294,967,216 for the total number of payments - obviously
> absurd. Should come out to about 277.
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