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

[Derek Atkins]

Hi,

Quoting ashhash <ashpow at westnet.com.au>:

>
> 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?

GnuCash doesn't support pre-payments at this time.
It doesn't have a 'balance-as-of-date()' function for SXes.

Sorry,

> Cheers
> Ash

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-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