Victor Thanks. What you say about formulae and bank practice makes sense to me. Your advice says to me: "Don't sweat the small stuff".
Al Maloney Velox Versutus Vigilans On Sun, 30 Jan 2022 at 21:28, R. Victor Klassen <rvklas...@gmail.com> wrote: > My experience is that if I do interest compounded semi-annually, and the > right payment frequency, the interest/principal breakdown still doesn’t > match the bank’s, because they say compounded semi-annually on the mortgage > documents, but then they calculate what the equivalent is and calculate it > with every payment. Mine has always been monthly, and months have varying > lengths, so your mileage may be better, where you are paying every 14 days. > > > On Jan 30, 2022, at 3:08 PM, Derek Atkins <de...@ihtfp.com> wrote: > > > > Hi, > > > > On Sun, January 30, 2022 2:13 pm, Al Maloney wrote: > >> How can I use gnuCash for a Canadian mortgage? > >> > >> I need: > >> 1) frequency of payments as bi-weekly (not semi-monthly) > > > > On the Loan Repayment page, select: > > Frequency: Weekly > > Every 2 weeks > > > >> 2) a compounding period of 6 months > > > > If you know what the (libre)office PMT() invocation would be, then you > can > > program GnuCash similarly because the pmt functions behave the same way. > > I can't tell you off hand how to do it, though. You might be better off > > just supplying the "Interest Rate", but you're right, there is no "APR > > Compounded every 6 months" setting. Please file an RFE in Bugzilla to > get > > that added. > > > >> These are not available in version 4.9-1 Actions->Scheduled > >> Transactions->Mortgage & Loan Repayment > >> > >> I am using macOS 10.14.6 or macOS 12.2 > > > > Good Luck, > > > >> Al Maloney > >> Velox Versutus Vigilans > > > >> Please remember to CC this list on all your replies. > >> You can do this by using Reply-To-List or Reply-All. > > > > -derek > > > > -- > > Derek Atkins 617-623-3745 > > de...@ihtfp.com www.ihtfp.com > > Computer and Internet Security Consultant > > > > _______________________________________________ > > gnucash-user mailing list > > gnucash-user@gnucash.org > > To update your subscription preferences or to unsubscribe: > > https://lists.gnucash.org/mailman/listinfo/gnucash-user > > If you are using Nabble or Gmane, please see > https://wiki.gnucash.org/wiki/Mailing_Lists for more information. > > ----- > > Please remember to CC this list on all your replies. > > You can do this by using Reply-To-List or Reply-All. > > _______________________________________________ gnucash-user mailing list gnucash-user@gnucash.org To update your subscription preferences or to unsubscribe: https://lists.gnucash.org/mailman/listinfo/gnucash-user If you are using Nabble or Gmane, please see https://wiki.gnucash.org/wiki/Mailing_Lists for more information. ----- Please remember to CC this list on all your replies. You can do this by using Reply-To-List or Reply-All.
