Hi Josh,
I'm attempting to set up a standard amortized loan. The loan is amortized for 180 monthly payments but is expected to be paid in full (i.e. balloon payment) at or before 5 years. I can't seem to find where to setup the loan duration that won't affect the amortization. What am I missing?
What I've done for now is created the loan payment as monthly with an occurrence count of 180. Then calculate the payment amount and then adjust the occurrence to 60. I expect there is a better way.
Please advise.
Thanks,
Bob