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Hello, a simple question that I've not been able to get an answer to. Are all Financial formulas in Excel 2013 based on 360 days in a year? Much appreciated.
Hello, a simple question that I've not been able to get an answer to. Are all Financial formulas in Excel 2013 based on 360 days in a year? Much appreciated.
Hi, welcome to the forum
I cannot say for sure about specific financial functions, but all excel date functions are based on 365 days - unless you use something like =DAYS360()
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Regards
Ford
Thank you, Ford FDibbins!
Umberto.
Last edited by umberto emm; 07-13-2016 at 12:17 AM.
This link might be helpful.
https://support.office.com/en-us/art...1-FBF124C2B1D8
Dave
Dave, I looked at that link and dont see anywhere it says how many days, did I miss it?
I can see that with some of the formulas there is a "Day Count Basis" which explains it. Thanks, Dave!
Umberto.
Last edited by umberto emm; 07-13-2016 at 12:15 AM.
@ Ford,
Yeah. Down in the notes for each function there is an optional "Basis" argument. The default is 360 days for all the functions I checked. I almost missed it.
@ umberto
You're welcome. Thanks for the feedback.
Dave, thanks for the update, totally missed that
Ford, you're quite welcome.
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