Annual Interest rate of 0 (zero)

BC · Joined: 07 Jun 2006 Posts: 3

Any possibility that the progam can/will allow for the functionality of having a zero amount for annual interest rate. I like the amoritization functionality (export options) and have some no interest loans but would like to give them a payment printout or file using Loan Calc.

thanks so much for a great product!

stanbusk · Site Admin Joined: 28 Dec 2005 Posts: 2268

Do you want to be able to use '0' as the annual interest rate?

BC · Joined: 07 Jun 2006 Posts: 3

Yes, that would be perfect! Thanks.

stanbusk · Site Admin Joined: 28 Dec 2005 Posts: 2268

Right now you can use an interest rate of '0.000001'. It is like using 0.

BC · Joined: 07 Jun 2006 Posts: 3

I tried that and it won't work if that's the first entry I put in the interest field when I start the pgm. However, if I put something like 1% in, calculate, and then change the interest amt. to 0.00001 it works.

stanbusk · Site Admin Joined: 28 Dec 2005 Posts: 2268

Yes, you have to place cursor in that field last and the press 'Compute'. That field will reformat itself to 3 decimals as soon as you live it. I have to change that too.