Why does Exec-Amort change the payment amount I entered or solved for when I run an amortization report?
If you are going to specify a payment instead of letting Exec-Amort calculate the payment, be sure to change the field titled Payment Calculation Mode from P+I (Auto Calculate) to P+I (You Specify). If you leave the Payment Calculation Mode as P+I (Auto Calculate) and you solved for the payment per period by pressing the ? box next to the payment per period field, there may be a difference between the value shown in the payment per period and the value calculated on the amortization report. In Exec-amort version 3.0.107 and later, you can select to use or ignore dates when solving for the payment per period. If you choose to ignore dates, the payment per period is based on a standard loan without a long or short first period. If you want the most accurate payment per period, then choose the option to consider dates when solving for the payment per period.
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