I just got Pralana a couple weeks ago and am loving it. (More importantly I'm loving what it is telling me. (That I should quit my job now.) But I digress.)
This is probably a bit of an edge case. We have a second home we purchased or 95K took an interest only loan from our parents for 100k. So from a traditional loan perspective, that’s weird. But Pralana seems to hand it well EXCEPT for the actual %. If I enter the APR as 3.0 % it does not recognize it as an expense. If I put in 3.001 or 2.999 it works fine. 4.000 works fine as well.
As far as this being a big deal, I’m just putting in 3.0001 and calling it good. That is not a material issue. But I thought that it was worth reporting because if this wasn’t counted for a larger loan for someone, it could be material.
I've included screen shot examples.
@nick_pralana Hi Nick, and thanks for your post. I've played around with this for a while now and have concluded that this is a quirk of an Excel function and the PRC code that uses that function. I think I've figured out a fix and will plan to include it in the next update of PRC2024 (no date established yet).
Thanks,
Stuart
@nick_pralana Looks like Stuart addressed this, but as an outside party who has used Pralana Gold/Excel for years, I'd highly recommend upgrading to Pralana Online. It avoids those Excel quirks and expands a lot of the capabilities. Well worth the small upgrade price!
