Mortgage/Loan Assistant - bi-weekly loan payments

dmc6000 davidmcollins at rogers.com
Wed Jan 1 23:25:07 EST 2014


Hello,

I am attempting to set-up two loans in GnuCash without much success.  The
first is a car loan set-up with following parameters:

Principal: 14,405.19
Interest Rate: 4.75%
Start Date: 11/05/13
Duration: 36 mos
All options are unchecked
Amount: pmt( 0.04750 / 12.00 : 36.00 : 14405.19 : 0 : 0 )
Frequency: Weekly - every 2 weeks - days - Friday

The payment schedule in the preview window shows the correct frequency but
the payment amount is a monthly amount.

I have the exact same issue with a mortgage payment I am trying to set-up on
a bi-weekly basis.



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