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Bug 769746 - Zero interest loan formula fails.
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Document that the Mortgage Assistant doesn't support 0-interest loans.
Provide instruction for creating a zero-interest loan repayment
as a simple scheduled transaction.
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jralls committed Sep 15, 2016
1 parent 67035b2 commit b201b54
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5 changes: 3 additions & 2 deletions help/C/Help_ch_Tools_Assistants.xml
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a scheduled transaction, the assistant creates a variable formula so that the
compounding interest is correctly calculated. To start this assistant manually go to
<menuchoice><guilabel>Actions</guilabel><guisubmenu>Scheduled Transactions</guisubmenu>
<guimenuitem>Mortgage and Loan Repayment...</guimenuitem></menuchoice>.</para>
<guimenuitem>Mortgage and Loan Repayment...</guimenuitem></menuchoice>.</para>
<para>It does not support zero-interest loans, but one doesn't really need an assistant for that: Just create a scheduled transaction for the principal divided by the number of payments that lasts for the number of payments. For example, if one has borrowed $1200 for a year at no interest and promised to pay it back in monthly installments, the repayment schedule is $100 monthly for twelve months.</para>

<para>The Mortgage and Loan Repayment assistant opens with a screen that briefly
describes what this assistant does. The three buttons at the very bottom of the screen
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</listitem>

<listitem>
<para><guilabel>Interest Rate:</guilabel> Enter the loan interest rate.</para>
<para><guilabel>Interest Rate:</guilabel> Enter the loan interest rate in percent per compounding period. The Assistant supports rates between .001% and 100%.</para>
</listitem>

<listitem>
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