Hello!

I'm in the process of building a new home. I have built an Excel sheet
that adds up each draw on my loan. I would like to put in a formula
that calculates a daily interest based on amounts as they are drawn
from the bank. I'm not paying any principal on the loan during the 9
month construction phase. The monthly rate is 6.9% Can someone help
me with a formula that calculates interest as draws are taken on the
loan?

Thanks,
EGavin


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EGavin
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