Setting up mortgage payments

[Mike or Penny Novack]

>Okay.  As I said in my previous email, gnucash cannot handle the
>interest rate changing more often than the payments. 
>
>  
>
Perhaps worth a comment that this is NOT a limitation just for gnucash. 
If you think about, no computerized system nor even any human system can 
IN ADVANCE specify a future transaction when the amounts are not finally 
determined (in this case interest rate might or might not change) 
between the time specified and the date due. You have to wait and find 
out what the (actual) amounts were.

The problem isn't simply that the rates change more often than the 
period (gnucash can't handle that) but that any such changes aren't 
defined until they occur (nothing can handle that). I am assuming here 
that what you mean is that the rates are adjusted according to changes 
in the money market. ROFLOL if I had software capable of correctly 
predicting THAT in advance I wouldn't be using it just for an accounting 
package.

Michael

-- 
There is no possibility of social justice on a dead planet except the equality of the grave.