YEARFRAC(SD, ED, 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.
Description
YEARFRAC(SD, ED, 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.
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.
Examples
YEARFRAC(SD, ED, 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.