The Interest Rate Record
If the interest rate on your loan changes, you can record this change by creating an Interest Rate (or simply Rate) record.|
To record a change in the interest rate first select the loan in the list of loans and either: click from the Loan menu, click the New Rate () button on the toolbar, or right-click the loan and select from the pop-up menu.
Enter the interest rate as a percentage (such as 14.999) and not as a decimal multiple like (not like .14999).
Select the date when the new interest rate applies to the loan.
To view, edit or delete the rate records that apply to a specific loan click from the Loan menu. This opens the Manage Rates dialog, displaying the interest rate changes made to the loan. To edit or delete a rate record, select it in the list and the click the corresponding button.