CFI-Excel-eBook

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The Corporate Finance Institute ExcelYEARFRACGet the fraction of a year between two datesstart_dateend_date basisWhat is the YEARFRAC Function?The YEARFRAC Function is categorized under DATE/TIME functions. YEARFRACwill return the number of days between two dates as a year fraction in Excel.Formula=YEARFRAC(start_date, end_date, [basis])The YEARFRAC function uses the following arguments:1. Start_date (required argument) – It is the start of the period. Thefunction includes the start date in calculations.2. End_date (required argument) – It is the end of the period. Thefunction includes the end date in calculations.3. [basis] (optional argument) – It specifies the type of day count basis tobe used.Various possible values of [basis] and their meanings are:How to use the YEARFRAC Function in Excel?As a worksheet function, YEARFRAC can be entered as part of a formula in acell of a worksheet. To understand the uses of the function, let’s consider a fewexamples:corporatefinanceinstitute.com56
The Corporate Finance Institute ExcelExample 1Let’s see a few dates and how the function provides results:The formula used was:The results in Excel are shown in the screenshot below:corporatefinanceinstitute.com57
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