A workbook designed to run only under Excel 97 or 2000, that features a complete "flexible" display of any loan up to a 3 year term. Daily Interest Monitor is a workbook designed for a singular specific purpose: Short-term loans. As such it may not have widespread applicability for an individual home user, but could prove invaluable to a business owner in projecting costs to prepare bids or extimates.

Businesses and lending institutions might have the greatest use for this worksheet, just to monitor and answer questions.In designing the original Loan Payoff Planner program, I visited several lending institutions for guidance. At one in particular, a loan officer of the largest banks in the country, had recently spent several hours manually designing and calculating an illustration for a business customer who needed to know the costs of a loan on a daily basis. This worksheet will perform the same task in seconds.

In addition, its main feature is the "Flexibility" of providing for a regular amortized payback plan based on the number of days set up, or an alternative irregular payback plan with provision for individual - irregular payments, and monitoring any scenario.