GNOME Bugzilla – Bug 105225
Bogus initial payment on mortgage/loan druid review page
Last modified: 2018-06-29 20:27:14 UTC
The Mortgage/Loan Druid shows a bogus initial payment on the 'review' page, whose date coincides with the start date of the loan. The first payment should be one period later. To see this clearly, just set up a simple fixed rate loan (no escrow-like stuff) with a short length of 3 monthly periods. The review page shows 4 payments instead of 3, and the sum of the principle payments exceeds the loan amount. The details of the last 3 payments are exactly correct (assuming discrete compounding, post-period payments) and constitute the complete payment schedule. The first payment is bogus and probably corresponds starting the print loop at 0 instead of 1, and feeding the principle/interest formulae '0' for the payment number.
See bug #119001 for a proposed patch to this problem *** This bug has been marked as a duplicate of 119001 ***
GnuCash bug tracking has moved to a new Bugzilla host. This bug has been copied to https://bugs.gnucash.org/show_bug.cgi?id=105225. Please update any external references or bookmarks.