Not necessarily. You don't make a sub-penny payment, but there's no reason the remaining principal can't have a sub-penny value. I do wonder if the amortization works out just so, or if banks are having to charge extra fractional cents for your last payment to get a round number.
P
PhilipTyre
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RE: Why is every mortgage amortization calculator wrong?
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RE: The wrong way to merge xml to a database
SQL Server can starting with 2005. It's quite convenient; you can transmit an entire set of changes in a single call, then use x-query to get the data out of the set as a kind of table variable. I only need to do that here and there, it's not the norm, but it was great when I did need it.