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In finance, a day count convention determines how interest accrues over time for a variety of investments, including bonds, notes, loans, mortgages, medium-term notes, swaps, and forward rate agreements (FRAs). This determines the number of days between two coupon payments, thus calculating the amount transferred on payment dates and also the ...
Microsoft Excel A simple bar graph being created in Excel, running on Windows 11 Developer(s) Microsoft Initial release November 19, 1987 ; 36 years ago (1987-11-19) Stable release 2312 (Build 17126.20132) / January 9, 2024 ; 9 months ago (2024-01-09) Written in C++ (back-end) Operating system Microsoft Windows Type Spreadsheet License Trialware Website microsoft.com microsoft-365 /excel ...
Month-to-date. Month-to-date (MTD) is a period starting at the beginning of the current calendar month and ending on either the current date or the last business day before the current date. Month-to-date is used in many contexts, mainly for recording results of an activity in the time between a date (exclusive, since this day may not yet be ...
Spreadsheet. A spreadsheet is a computer application for computation, organization, analysis and storage of data in tabular form. [ 1 ][ 2 ][ 3 ] Spreadsheets were developed as computerized analogs of paper accounting worksheets. [ 4 ] The program operates on data entered in cells of a table.
Sunrise equation. A contour plot of the hours of daylight as a function of latitude and day of the year, using the most accurate models described in this article. It can be seen that the area of constant day and constant night reach up to the polar circles (here labeled "Anta. c." and "Arct. c."), which is a consequence of the earth's inclination.
In finance, the weighted-average life (WAL) of an amortizing loan or amortizing bond, also called average life, [1][2][3] is the weighted average of the times of the principal repayments: it's the average time until a dollar of principal is repaid. In a formula, [4] where: is the time (in years) from the calculation date to payment . If desired ...
When using serial numbers for dates (e.g. in spreadsheets), doy is the serial number for a date minus the serial number for 31st December of the previous year, or alternatively minus the serial number for 1st January the same year plus one. Algorithm. Subtract the weekday number from the ordinal day of the year. Add 10. Divide by 7, discard the ...
The 4–4–5 calendar is a method of managing accounting periods, and is a common calendar structure for some industries such as retail and manufacturing. It divides a year into four quarters of 13 weeks, each grouped into two 4-week "months" and one 5-week "month". The longer "month" may be set as the first (5–4–4), second (4–5–4), or ...