HELOC interest calculation problem - Can Quicken do it?
Hi, I have set up a HELOC and was able to Edit the Account to say that there is a 3.5% interest rate. But I can't figure out how to get quicken to calculate the interest. The balance in Quicken is always lower than the real balance. I know I must be missing something basic in the setup, but I'm lost. Is there a way to do this? What is happening now is that I show the opening balance and then monthly payments. I'd like to be able to continue to use this line of credit in the future with more charges, but if I already can't figure it out, I know I'll make a huge mess when I try to do that! Thanks in advance for help with this.
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