Setting a car loan
Andy Pastuszak
apastuszak at gmail.com
Sat Feb 21 10:36:07 EST 2015
I tried to set up my car loan in Gnucash and the calculated monthly payment
doesn't match what the bank says I owe. Gnucash says the monthly payment
should be $294.78, but the bank makes me pay $299.11.
Thing is, I put the loan into other financial software and also comes up
with $294.78. So, it's obviously not the math that Gnucash is doing to
calculate the payments.
Is there some way to deal with this situation? Am I just stuck entering
transactions manually?
The loan has 61 payments, and I am thinking that payment 61 is probably not
a full payment and that's screwing up the math.
Is there a way to deal with loans that have a final payment that is
different from all the others when trying to schedule payments?
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