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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. 
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