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#### Kathleen Anderson [MVP - FrontPage]

Money 2004. The first payment was taken by auto-debit a couple of days ago.

The figures on the BOA web site (current principal balance and interest

paid) do not match what Money calculated. The remaining balance according

to BOA is higher than Money, and the interest is lower.

I looked at the note and it says: "Interest on this Note is computed on a

365/365 simple interest rate, that is, by applying the ratio of the annual

interest rate over the number of days in a year, multiplied by the

outstanding principal balance, multiplied by the actual number of days the

principal balance is outstanding."

I'm assuming that Money does not calculate this way - is there any way

around this? Or have I done something wrong?

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~ Kathleen Anderson

Microsoft MVP - FrontPage

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