GnC appears to keep track of the number of months and updates it without
any intervention on my end.
Stephen M Butler
[email protected]
[email protected]
253-350-0166
-------------------------------------------
GnuPG Fingerprint: 8A25 9726 D439 758D D846 E5D4 282A 5477 0385 81D8
On 7/26/23 12:11, Gyle McCollam wrote:
How does Gnucash update the "i" value each month or do you have to
adjust manually?
Thank You,
*Gyle McCollam*
Gyle McCollam
[email protected] <mailto:[email protected]>email
------------------------------------------------------------------------
*From:* gnucash-user
<[email protected]> on behalf of
Stephen M. Butler <[email protected]>
*Sent:* Wednesday, July 26, 2023 2:20 PM
*To:* [email protected] <[email protected]>
*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
[email protected]
[email protected]
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 <[email protected]> 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
>>
>> [email protected]<mailto:[email protected]
<mailto:[email protected]>> email
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