Cant work out the loan system...help please!

ashhash ashpow at westnet.com.au
Wed Sep 23 03:54:52 EDT 2009


Hey all

Ive started using GnuCash for personal finance and cannot, for the life of
me, work out how to enter my car loan into the system. ;p(

The loan is say, $17,000.
My Fortnightly repayments are $400 (higher than I need to pay to get it
finished faster)
The interest rate is 9.9% and the financier states that interest "is
calculated on the daily reducible balance and charged monthly in arrears."

I have tried the druid but it really doesnt help me, it doesnt seem to be
flexible enough.
It doesn't allow me to specify my repayments, instead it determines what it
THINKS I should pay and it doesnt seem to cater for the interested
calculation ive listed.

Can anyone help me out?

Cheers
Ash


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