On 2/3/2022 2:51 PM, David G. Pickett via gnucash-user wrote:
.. My last code change at Bank of America was to add a very tiny bit to
balance transfer fees so that cent was not lost, not to satisfy the bank, but
to satisfy testers validating a huge software update.
LOL and among othe
Banks here cannot round up (charge above the contracted/advertised rate), so
their calculations are truncated. However, many are lured into using computer
binary floating point numbers to do money (Sybase, SQL Server), and it can lose
a tiny fraction of a cent, and so lose the last cent (1.0 /
Subject: [GNC] Canadian Mortgage
How can I use gnuCash for a Canadian mortgage?
I need:
1) frequency of payments as bi-weekly (not semi-monthly)
2) a compounding period of 6 months
These are not available in version 4.9-1 Actions->Scheduled
Transactions->Mortgage & Loan Repayment
I am u
Happily, in Canada, Escrow is not nearly as common a practice as in the US. So
that complication likely does not apply.
But since this thread wandered off into the question of banks making money off
the rounding (in Australia), there was a case in Canada - back in the 70s or
80s, as I recall
On 2022-01-31 07:00, Michael or Penny Novack wrote:
>
> Speaking as somebody who has written software to produce mortgage
> amortization tables, don't sweat it. It would be close to impossible for
> you to exactly match what the bank has. The problem is that there are
> simply too many places wh
On 1/30/2022 9:40 PM, Al Maloney wrote:
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
Speaking as somebody who has written software to produce mortgage
amortization tab
If there is a way (and there definitely is) to congregate between two cents
and six cents of rounding losses per account times millions of accounts per
year, count on bankers to find it.
On Mon, Jan 31, 2022 at 3:56 AM Liz wrote:
> On Sun, 30 Jan 2022 21:40:37 -0500
> Al Maloney wrote:
>
> > Th
On Sun, 30 Jan 2022 21:40:37 -0500
Al Maloney wrote:
> Thanks.
> What you say about formulae and bank practice makes sense to me.
> Your advice says to me: "Don't sweat the small stuff".
Some years ago, in Australia a number of people took to the courts to
get the banks to recalculate their mort
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 wrote:
> My experience is that if I do interest compounded semi-annually, a
Derek
Thanks.
I'll check this out.
As an absolute neophyte, I'll need some time.
Al Maloney
Velox Versutus Vigilans
On Sun, 30 Jan 2022 at 15:08, Derek Atkins wrote:
> Hi,
>
> On Sun, January 30, 2022 2:13 pm, Al Maloney wrote:
> > How can I use gnuCash for a Canadian mortgage?
> >
> > I need
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
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 w
How can I use gnuCash for a Canadian mortgage?
I need:
1) frequency of payments as bi-weekly (not semi-monthly)
2) a compounding period of 6 months
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
Al Malon
13 matches
Mail list logo
