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Scheduling of Interest & Compounding |
  
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Scheduling of Interest & Compounding |
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Interest Interval
None |
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N days apart |
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N weeks apart |
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N months apart |
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N years apart |
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End Calendar Month(s) |
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June 30, December 31 |
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December 31 |
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June 30 |
Units
Always on first day
Always of last day
Synch(ronise)
This is an optional setting and if not used you should click the Clear button to leave the date blank.
When you define a schedule frequency, the dates must start somewhere, then adjust periodically according to the type of frequency and number of units.
In the case of interest schedules, the scheduled dates start with the start of the interest period. In each case, only the dates that fit within the applicable range are selected.
However you can synchronise with a different date by entering a date in Synch.
Important. The synch date does not have to be within the calculation range. This means that if you want to synchronise with a person's fortnightly pay-day, and you have a payslip from two years ago, then you can use that date.
The program will synchronise with that date.