64 lines
3 KiB
HTML
64 lines
3 KiB
HTML
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<!DOCTYPE html>
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<html>
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<head>
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<title>YEARFRAC Function</title>
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<meta charset="utf-8" />
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<meta name="description" content="" />
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<link type="text/css" rel="stylesheet" href="../editor.css" />
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<script type="text/javascript" src="../callback.js"></script>
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</head>
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<body>
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<div class="mainpart">
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<h1>YEARFRAC Function</h1>
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<p>The <b>YEARFRAC</b> function is one of the date and time functions. It is used to return the fraction of a year represented by the number of whole days from start-date to end-date calculated on the specified basis.</p>
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<p>The <b>YEARFRAC</b> function syntax is:</p>
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<p style="text-indent: 150px;"><b><em>YEARFRAC(start-date, end-date [,basis])</em></b></p>
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<p><em>where</em></p>
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<p style="text-indent: 50px;"><b><em>start-date</em></b> is a number representing the first date of the period, entered using the <a href="Date.htm" onclick="onhyperlinkclick(this)">Date</a> function or other date and time function.</p>
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<p style="text-indent: 50px;"><b><em>end-date</em></b> is a number representing the last date of the period, entered using the <a href="Date.htm" onclick="onhyperlinkclick(this)">Date</a> function or other date and time function.</p>
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<p style="text-indent: 50px;"><b><em>basis</em></b> is the day count basis to use, a numeric value greater than or equal to 0, but less than or equal to 4. It can be one of the following:</p>
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<table style="width: 40%">
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<tr>
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<td><b>Numeric value</b></td>
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<td><b>Count basis</b></td>
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</tr>
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<tr>
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<td>0</td>
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<td>US (NASD) 30/360</td>
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</tr>
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<tr>
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<td>1</td>
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<td>Actual/actual</td>
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</tr>
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<tr>
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<td>2</td>
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<td>Actual/360</td>
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</tr>
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<tr>
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<td>3</td>
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<td>Actual/365</td>
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</tr>
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<tr>
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<td>4</td>
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<td>European 30/360</td>
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</tr>
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</table>
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<p class="note"><b>Note</b>: if the <b><em>start-date</em></b>, <b><em>end-date</em></b> or <b><em>basis</em></b> is a decimal value, the function will ignore the numbers to the right of the decimal point.
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</p>
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<p>To apply the <b>YEARFRAC</b> function,</p>
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<ol>
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<li>select the cell where you wish to display the result,</li>
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<li>click the <b>Insert Function</b> <img alt="Insert Function icon" src="../images/insertfunction.png" /> icon situated at the top toolbar,
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<br />or right-click within a selected cell and select the <b>Insert Function</b> option from the menu,
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<br />or click the <img alt="Function icon" src="../images/function.png" /> icon situated at the formula bar,
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</li>
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<li>select the <b>Date and time</b> function group from the list,</li>
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<li>click the <b>YEARFRAC</b> function,</li>
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<li>enter the required arguments separating them by commas,</li>
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<li>press the <b>Enter</b> button.</li>
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</ol>
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<p>The result will be displayed in the selected cell.</p>
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<p style="text-indent: 150px;"><img alt="YEARFRAC Function" src="../images/yearfrac.png" /></p>
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</div>
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</body>
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</html>
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