Hi,
I was looking for a way to denote a mortgage (which would obviously be
a liablility), but then make payments which get automatically split
into principal and interest (potentially in separate accounts). It
would be nice if there were a special way to handle mortgages (or
other types of loans). For example, I'd like to know what the current
principal balance is on a loan.
If you create a "loan" type account, you should start with the initial
principal, interest rate, term, and maybe payment and interest
compounding schedule, and when interest is "credited" (debited?) to
(from?) the account.
Comments?
-derek
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Derek Atkins, SB '93 MIT EE, SM '95 MIT Media Laboratory
Member, MIT Student Information Processing Board (SIPB)
URL: http://web.mit.edu/warlord/ PP-ASEL N1NWH
[EMAIL PROTECTED] PGP key available
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