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# Then press the calculator computes and displays the

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Unformatted text preview: * 30/360 day-count method * Press Setting repeatedly to view the options for day-count method. Notes on the Date Worksheet sets DT1 and DT2 to 12-31-1990 (if date format is U.S.), and DBD to zero. The day-count method is not affected. sets DT1 and DT2 to 12-31-1990 (if date format is U.S.), DBD to zero, and the day-count method to ACT. DT1 is assumed to be the earlier date and DT2 the later date. Enter dates for DT1 and DT2 in the currently selected date format (U.S. or European). When you compute a date for DT1 or DT2, a three-letter abbreviation for the day of the week (for example, WED) is also displayed. The day-count method you select affects your calculations. If you select ACT as the day-count method, the calculator uses the actual number of days in each month and each year, including adjustments for leap years. If you select 360 as the day-count method, the calculator assumes 30 days per month (360 days per year). You can compute DBD using this day-count method, but not DT1 or DT2. 62 Chapter 7: Using Other Worksheets Procedure: Using the Date Worksheet 1. Press to select the worksheet. DT1 is displayed, along with the previous date. 2. Press to clear the worksheet. 3. Enter values for two of the three variables; for example, enter values for DT1 and DT2. Press or until the variable label you want is displayed. Then key in a value and press . 4. If necessary, change the day-count method setting. Press until ACT or 360 is displayed. Then press repeatedly until the day-count method you want (ACT or 360) is displayed. 5. Compute a value for the unknown variable; for example, compute a value for DBD. Press . or until the variable label you want is displayed. Then press The calculator computes and displays the value. Example: Computing Days Between Dates A loan is made on January 4, 1996, but the first payment is deferred until March 1, 1996. How many days does the loan accrue interest before the first payment? Procedure Keystrokes Select Date worksheet. Display DT1 (old contents) Clear worksheet. DT1 = 12-31-1990 1...
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## This homework help was uploaded on 04/03/2014 for the course ECON 203 taught by Professor Petry during the Summer '09 term at University of Illinois, Urbana Champaign.

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