<!DOCTYPE html> <html> <head> <title>YEARFRAC Function</title> <meta charset="utf-8" /> <meta name="description" content="" /> <link type="text/css" rel="stylesheet" href="../editor.css" /> <script type="text/javascript" src="../callback.js"></script> <script type="text/javascript" src="../search/js/page-search.js"></script> </head> <body> <div class="mainpart"> <div class="search-field"> <input id="search" class="searchBar" placeholder="Search" type="text" onkeypress="doSearch(event)"> </div> <h1>YEARFRAC Function</h1> <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> <p>The <b>YEARFRAC</b> function syntax is:</p> <p style="text-indent: 150px;"><b><em>YEARFRAC(start-date, end-date [,basis])</em></b></p> <p><em>where</em></p> <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> <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> <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> <table style="width: 40%"> <tr> <td><b>Numeric value</b></td> <td><b>Count basis</b></td> </tr> <tr> <td>0</td> <td>US (NASD) 30/360</td> </tr> <tr> <td>1</td> <td>Actual/actual</td> </tr> <tr> <td>2</td> <td>Actual/360</td> </tr> <tr> <td>3</td> <td>Actual/365</td> </tr> <tr> <td>4</td> <td>European 30/360</td> </tr> </table> <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. </p> <p>To apply the <b>YEARFRAC</b> function,</p> <ol> <li>select the cell where you wish to display the result,</li> <li>click the <b>Insert function</b> <img alt="Insert function icon" src="../images/insertfunction.png" /> icon situated at the top toolbar, <br />or right-click within a selected cell and select the <b>Insert Function</b> option from the menu, <br />or click the <img alt="Function icon" src="../images/function.png" /> icon situated at the formula bar, </li> <li>select the <b>Date and time</b> function group from the list,</li> <li>click the <b>YEARFRAC</b> function,</li> <li>enter the required arguments separating them by commas,</li> <li>press the <b>Enter</b> button.</li> </ol> <p>The result will be displayed in the selected cell.</p> <p style="text-indent: 150px;"><img alt="YEARFRAC Function" src="../images/yearfrac.png" /></p> </div> </body> </html>