Setting a car loan

[jcard21 xxxxxxx]

On Sat 21 February 15 10:36:07 Andy Pastuszak wrote:
> 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?

Would you give us the following missing loan info:

• Loan Principle Value $
• Loan Duration (number of years)
• Loan Interest Rate %
• Your Payment Frequency (monthly?)
• Bank's Required Monthly Payment Amount $299.11

Thanks.

-- 
jcard21