Mortgage/Loan Setup

What is the best/easiest way to setup a loan that tracks all my transactions.
I've tried a number of different approaches to have Money calculate a term
of my loan. However it doesn't seem to matter which term I leave blank, it
never comes up with a the correct value.

Dick
Mon Feb 26 19:22:32 CST 2007

Recommendation: don't specify the interest rate. Let Money figure it out
from principal amount and payment. If the rate is off by a little, it
probably doesn't matter much. You'll use the 1099 from the loan company to
deduct the interest regardless of what Money says. If it's off by a lot
there is probably something else going on that you or Money is not
recognizing. Frequently this is things like the effect of a delayed first
payment or fees rolled into the principal balance or something. You need the
numbers off the disclosure sheet, not what you were told or promised.

"jaroady" <jaroady@discussions.microsoft.com> wrote in message
news:DDE834FB-3619-42C7-BF59-E52838327907@microsoft.com...
> What is the best/easiest way to setup a loan that tracks all my
> transactions.
> I've tried a number of different approaches to have Money calculate a term
> of my loan. However it doesn't seem to matter which term I leave blank,
> it
> never comes up with a the correct value.

Cal
Mon Feb 26 19:33:01 CST 2007

In microsoft.public.money, jaroady wrote:

>What is the best/easiest way to setup a loan that tracks all my transactions.
> I've tried a number of different approaches to have Money calculate a term
>of my loan. However it doesn't seem to matter which term I leave blank, it
>never comes up with a the correct value.

I am not sure what you are asking, but based on the last sentence,
leave the interest rate blank.