Money: Interest Rate Defaults to the Second Decimal Place (182391)



The information in this article applies to:

  • Microsoft Money 2004 Deluxe
  • Microsoft Money 2003 Deluxe
  • Microsoft Money Deluxe 2002
  • Microsoft Money 2001
  • Microsoft Money 2000
  • Microsoft Money 99
  • Microsoft Money 98
  • Microsoft Money 97
  • Microsoft Money 2000 Business and Personal
  • Microsoft Money 98 Deluxe Edition
  • Microsoft Money 98 Financial Suite

This article was previously published under Q182391

SYMPTOMS

When you create a loan with an interest rate that extends to the third decimal place (X.XXX), Microsoft Money rounds to the second decimal place (X.XX) in the Payment Terms of the loan.

MORE INFORMATION

Even though the decimal place is rounded, Money still calculates the loan by using the original interest rate you typed when you created the loan.

STATUS

This behavior is by design.

Modification Type:MajorLast Reviewed:1/5/2005
Keywords:kbprb KB182391