YEARFRAC (From,To,Basis)
where
- represents a start date,
- represents an end date, and
- is the type of day count basis to use.
- YEARFRAC() calculates the fraction of the year depending on the number of days between start date and end date.
represents a start date,
represents an end date, and
is the type of day count basis to use.
Description
YEARFRAC(From,To,Basis)
- YEARFRAC() returns the fractional proportion of the year from specified start and end dates.
- and dates should be entered either in 'date format' or 'dates returned using formulas'. If dates are not valid, Calci displays #N/A error message.
- date should be < , else Calci displays NaN error message.
- value is optional. If omitted, Calci assumes it to be 0.
- We can use the DD/MM/YYYY format also. For Example:"14/5/2005[DD/MM/YYYY]".
Below table shows the use of values:
| Basis | Description |
|---|---|
| 0 | US (NASD) 30/360 |
| 1 | Actual/actual |
| 2 | Actual/360 |
| 3 | Actual/365 |
| 4 | European 30/360 |
- If value is other than 0 to 4, Calci displays #N/A error message.
- We can use range values also.For Example :YEARFRAC(DATE(2014,1,1),#4/1/2015-4/1/2020)
Examples
YEARFRAC (From,To,Basis) function with inputs in order is calculated as follows:
| 1/4/2008 | |
| 10/10/2008 | |
| 4 |
=YEARFRAC(A1,A2,A3) : Calculates the fraction Value of the year with the inputs
in the range A1 to A3. Returns 0.7666666666666667 as a result. =YEARFRAC(DATE(2014,1,1),DATE(2014,4,1)) : Calculates the fraction Value of the year
within the dates mentioned. Returns 0.25 as a result. =YEARFRAC(DATE(2014,1,1),DATE(2015,4,1)) : Calculates the fraction Value of the year
within the dates mentioned. Returns 1.25 as a result. =YEARFRAC("1/1/2014[DD/MM/YYYY]","14/4/2015[DD/MM/YYYY]") = 1.2861111111111112
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See Also
References