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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.
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
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.
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
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.
. 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
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.
- Summer '09