Incorrect Mortgage Amortization Table - Quicken for Mac Deluxe
The amortization table for mortgage loans is being calculated incorrectly. For some reason it seems to be off by one month. e.g. Correct solution: Loan balance after 3/1 payment is 280,571.88 at 3.25%/year = Interest payment of 759.88 on 4/1. However Quicken calculates $762.04 which was the interest payment on 3/1.
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