30/360 Interest Caluculation

#1

Hi,

Anyone know how to convert a daily number to a 30/360 basis. It's
gets difficult when there are 31 days in a month or 28 days. It's
increasing more difficuly when the calculation needs to start mid
month (ie, start on 3/14/03 and days in month = 31)

Any help would be greatly appreciated!

Thanks
Diane

#2

Hey I didnt get you! What do you mean by 30/360 basis? an example would be great!
Yegnaram Iyer
www.geocities.com/yegnaramiyer

Gamera1012 (AT) hotmail (DOT) com (Diane) wrote in message news:<4d18bc18.0309141615.583c1014 (AT) posting (DOT) google.com>...

Quote:

Hi,

Anyone know how to convert a daily number to a 30/360 basis. It's
gets difficult when there are 31 days in a month or 28 days. It's
increasing more difficuly when the calculation needs to start mid
month (ie, start on 3/14/03 and days in month = 31)

Any help would be greatly appreciated!

Thanks
Diane

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30/360 Interest Caluculation

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30/360 Interest Caluculation - 09-14-2003 , 07:15 PM

Re: 30/360 Interest Caluculation - 09-15-2003 , 11:18 AM