Glyn
Wed May 05 01:59:43 CDT 2004
Set the balloon amount to be equal to the value of the loan (and leave the
interest rate blank). This will calculate interest only.
--
Glyn Simpson, Microsoft MVP - Money
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"Noray" <anonymous@discussions.microsoft.com> wrote in message
news:869801c43266$bf3103d0$a501280a@phx.gbl...
> Anybody have any idea how you could set up a mortgage
> account in Money 2004 Deluxe for a 5 year adjustable rate
> mortgage making interest only payments for the first five
> years?
> When you put in the info for any mortgage it
> automatically calculates the payments to be principal
> plus interest.