Microsoft KB Archive/138402

Money: Loan Calculation Shows Interest Rate as Rounded Figure

PSS ID Number: Q138402 Article last modified on 08-17-1998

WINDOWS:4.0,4.0a,5.0,98,99

WINDOWS

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The information in this article applies to:

 Microsoft Money 99 Microsoft Money 98 Microsoft Money version 5.0 for Windows 95 == Microsoft Money versions 4.0, 4.0a for Windows 95 == 

= SYMPTOMS =

In the Account Details for a loan account, the interest rate is displayed with only two decimal digits.

For example, the interest rate for a loan created with a fractional portion, such as 8 5/8 appears to be rounded as a decimal to 8.63.

= CAUSE =

This behavior is by design of Microsoft Money.

= STATUS =

The loan is calculated correctly. The calculation actually uses three decimal digits, such as 8.625 for 8 5/8 to correctly calculate the principal and interest payment amount.

Additional query words: money95 w_money precision fraction round precision inaccurate truncated rounding 97 6.0 7.0 monkey ====================================================================== Keywords : kbdta Version : WINDOWS:4.0,4.0a,5.0,98,99 Platform : WINDOWS Issue type : kbprb ============================================================================= Copyright Microsoft Corporation 1998.