On Saturday 13 July 2002 03:00 pm, Josh Sled wrote: > On Sat, Jul 13, 2002 at 12:08:26PM -0400, Tim Wunder wrote: <snip> > | - It seems that the druid should calculate the payment amount based on > | the input of the loan amount, the interest rate, and the term. Will it? > > Yes; see src/scm/fin.scm. :) The facility to hook these up to the template > transaction credit/debit cells is there ... but a few more things need > to be hooked up before it will work. But that's the idea. As for it > displaying them in the druid... well, I think the formulae would be put > into any "Amount:" entries, but perhaps there's room for an Amortization > Table page... would this be useful? >
Probably <snip> > | prompted for amounts for each individual field. A final calulated field > | would then be the Total Payment amount, which can only be changed by > | changing the Esrow amount, or the other editable fields in the Repayment > | dialog (based on select options). > > There was talk about this earlier. While it will be true for a lot of > people that the Repayment is just the sum of the other splits, a lot > of people just pay something "Fixed" per month [perhaps something that's > calculated and the fudged by their bank, but otherwise a set dollar > amount]. So it will need to be edited in some cases by the user. > Hmmm, that brings to mind my current Home Equity line of credit... It consists of 2 10-year phases, a borrowing phase and a payoff phase. During the borrowing phase, the minimum monthly payment is calculated based on a 20 year term and is an interest-only payment. It is only during this phase that I'm allowed to borrow against the loan. I can pay against principal, if I want, but it's not part of the minimum payment as delineated by the bank on my statements. Once the 10 year anniversary comes, the Payoff phase kicks in and I can no longer borrow against that line of credit. The minimum payment becomes a P&I calculation based on a 10 year term (still with a variable rate). I'm not sure how this can fit in with the Druid, but I figgerd I'd throw it at you to see what you thought. I also don't know how many banks out there have loans that are stuctured like that. So I can't comment on whether the ability of gnucash to handle it would be important. Regards, Tim <snip> _______________________________________________ gnucash-devel mailing list [EMAIL PROTECTED] http://www.gnucash.org/cgi-bin/mailman/listinfo/gnucash-devel
