Microsoft KB Archive/177949

Money 98: Other Fees Wrong If Loan Principal + Interest Changed

PSS ID Number: Q177949 Article last modified on 08-18-1998

WINDOWS:98

WINDOWS

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The information in this article applies to:

 == Microsoft Money 98 == 

= SYMPTOMS =

Microsoft Money 98 does not update loan information correctly if you change the principal and interest values of the loan with the Change Loan Information wizard. (Click Change Loan Info on the Account Details screen.)

Money assigns the difference between the principal and interest of the new loan and the original loan to Other Fees. However, the values shown for Other Fees in the Change Loan Information wizard and the Change Other Fees dialog box do not match. No error message is displayed.

= WORKAROUND =

To work around this problem, remove the Other Fees amount, and then change at least two of the three other loan fields (Loan Amount, Loan Length or Interest Rate) to make the loan amounts calculate correctly.

Removing the Other Fees Amount

 * 1) Open the account for the loan, and then click Details to view the Account Details screen for the loan.
 * 2) Click Change Loan Info.
 * 3) In the Change Loan wizard, proceed to the page for changing the Principal + Interest. Change the Principal + Interest field back to the original amount.
 * 4) Proceed to the wizard page containing the Other Fees button, and click this button.
 * 5) In the first line of the Change Other Fees dialog box, type the number 0 in the Amount box and press ENTER. Press ESC to close the Category list.
 * 6) Click to select the first line. Using your right mouse button, right-click the first line, and then click Delete in the shortcut menu. Click Yes to confirm the deletion. Money deletes the 0 amount you just entered.
 * 7) Click Done. The amount for Other Fees should now be correct.
 * 8) Click Next.
 * 9) Proceed to the last page of the wizard, and click Finish when done.

Changing Loan Information
  Go to the Account Details area for the loan.   Click the Change Loan Information tab.   In the Change Loan Information wizard, change at least two of the three loan fields (loan amount, loan length and interest rate) to have Money calculate correctly. For example, if you need to change the monthly principal and interest payment to $1500.00, in the Change Loan Information wizard, don’t change the Interest Rate, delete the Loan Length number (leaving it blank), and type 1500.00 for Principal + Interest. Because it was left blank, Money will calculate Loan Length.   Proceed to the last page of the wizard, and click Finish when done. 

= Additional query words: w_money 6.0 loan woody =

Keywords : kbdta Version : WINDOWS:98 Platform : WINDOWS Issue type : kbbug Solution Type : kbpending ============================================================================= Copyright Microsoft Corporation 1998.