These are downloadable templates used on Microsoft Excel. There is no software or licenses. All financial models are available at a ‘pay what you are able’ price. You can pay a minimum of $20 or as much as you’d like. We also have the free version for educational purposes, which is the same model. The only difference is that you are limited to 2 downloads, while the paid version allows for unlimited downloads and updated versions of the models when they are released. We encourage those using this for business to pay for the model, but technically there is nothing stopping you from downloading the model for free.