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Yes it does. But its a slight bug...
First in secheduled backup options, make sure you have the correct folder chosen.
Next, while in scheduled backup, when you choose the frequency of your backup i.e. daily/monthly/weekly, make sure you exit only that dialog but do not exit the program.
Then go back into scheduled backup options, and check the date. Make sure the date of the next backup matches correctly to your choice.
Now you can exit.
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