You might also look at the EFFECT formula
=effect(10%,365)

--
Don Guillett
SalesAid Software

"Tywardreath" wrote in message
...
I am trying to create an amortization schedule that includes the following
principles:

* interest calculated daily
* interest "charged" on the first working day of the following month
* payments made bi-weekly
* option for additional payments; both lump sum, and regular small amounts

Is someone able to offer me some assistance?

Many thanks, Ty