[GNC] Scheduled Transaction - Loan Amortization

[Stephen M. Butler]

Not sure how GnC does it.  I do nothing.

Stephen M Butler
Stephen.M.Butler51 at gmail.com
kg7je at arrl.net
253-350-0166
-------------------------------------------
GnuPG Fingerprint:  8A25 9726 D439 758D D846 E5D4 282A 5477 0385 81D8

On 7/26/23 12:12, Gyle McCollam wrote:
> Stephen,
> How does Gnucash update the "i" value each month or do you have to do 
> that manually?
>
>
> Thank You,
>
> *Gyle McCollam*
>
> Gyle McCollam
>
> gmccollam at live.com <mailto:gmccollam at gyleshomes.com>email
>
> ------------------------------------------------------------------------
> *From:* gnucash-user 
> <gnucash-user-bounces+gylemc=gmail.com at gnucash.org> on behalf of 
> Stephen M. Butler <kg7je at arrl.net>
> *Sent:* Wednesday, July 26, 2023 2:20 PM
> *To:* gnucash-user at gnucash.org <gnucash-user at gnucash.org>
> *Subject:* Re: [GNC] Scheduled Transaction - Loan Amortization
> Here are the entries (3 splits) I use on my scheduled transaction:
>
> Split 1:    Assets:Checking:xxx        Credit -- $326.97 (payment
> comes from checking account)
> Split 2:    Liabilities:Loans:yyy         Debit -- 326.97 - ipmt( .04490
> / 12.00 : i -2: 240.00 : 51,630.34 : 0 : 0 )
> Split 3:   Expense:Interest Paid      Debit -- ipmt( .04490 / 12.00 : i
> -2: 240.00 : 51,630.34 : 0 : 0 )
>
>                  Notes:  .04490/12 is the monthly interest
>                              i-2 is the month number (found that
> adjusting by 2 months gave me numbers that matched the bank much better
> -- try with just i)
>                              240 is the total number of months for loan
> (20 yrs -- RV)
>                              51,630.34 is the original loan amount
>
>
> Stephen M Butler
> Stephen.M.Butler51 at gmail.com
> kg7je at arrl.net
> 253-350-0166
> -------------------------------------------
> GnuPG Fingerprint:  8A25 9726 D439 758D D846 E5D4 282A 5477 0385 81D8
>
> On 7/26/23 07:09, Derek Atkins wrote:
> > There are pmt, ppmt, and ipmt functions.
> > -derek
> > Sent using my mobile device. Please excuse any typos.
> > On July 25, 2023 15:41:01 Gyle McCollam <gmccollam at live.com> wrote:
> >
> >> Is there a formula I can enter in SX that will automatically
> >> calculate the principal or interest payment on a car loan?  Then is
> >> there a way to deduct that from the total payment to get the other
> >> value, other than TOTAL PAYMENT-the formula used above?
> >>
> >>
> >> Thank You,
> >>
> >> Gyle McCollam
> >>
> >> Gyle McCollam
> >>
> >> gmccollam at live.com<mailto:gmccollam at gyleshomes.com 
> <mailto:gmccollam at gyleshomes.com>> email
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