Loan Account First Payment 45 days after origination date
I'm setting up an offline (car) loan account where the first payment is due 45 days after origination date of the loan. Quicken doesn't have an option to enter the first payment date--it seems Quicken assumes first payment is due one month after origination (for loan with monthly payment period). If I let Quicken create a loan payment reminder, and then change that date to be the first payment date, Quicken seems to still calculate the interest for that payment to be based on the monthly payment period. How can I setup this loan so the amortization is correct based on the first payment being a "long period", i.e 45 days after origination instead of 30?
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