Compounded Calculation Methods
Awesome Moneydance team:
I've been using Moneydance since 2008 and for the most part couldn't be happier. One suggestion though, after looking through all the discussions:
It is mentioned often that banks vary in the way they calculate loan interest (as far as compounding periods, &c). This probably explains why the principal/interest splits that Moneydance calculates for my student loans have always been off (from the very very beginning: I didn't have student loans when I first started using Moneydance).
Moneydance is said to use only the default method of compounding; might there be perhaps a line somewhere added to indicate what method this is, and also an option to change the calculation method?
Otherwise- keep up the good work!
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Angie Rauscher closed this discussion on 24 Jul, 2011 07:27 PM.