New Loan Accounts | Adjust Interest Amount?
Is there a way to adjust the interest charge on the new loans (where it automatically calculates interest based on the interest rate) if it's off slightly? Or is the best way to use the "Update Balance" button?
It just divides the interest rate by 12? My interest is calculated daily, so the amount calculated by YNAB is always going to be wrong, and even if I adjust the balance, the figures under "Paid So Far" will be incorrect.
I adjusted the balance, and now the figures in "Paid So Far" add up to the total amount paid + adjusted balance. It should have increased the interest paid and reduced the principal paid by the adjustment amount, but instead, it added the adjustment amount to the principal paid.
Paid So Far: 3000, Principal Paid: 2500, Interest: 500
If I adjust the balance so that 505 interest was charged, the figures should be:
Paid So Far: 3000, Principal Paid: 2495, Interest: 505
Instead, YNAB does this:
Paid So Far: 3000, Principal Paid: 2505, Interest: 500
All three figures are incorrect.