Finding Days between Dates/Defining Payment Method

dbd(

Use the date function dbd( (menu item D) to calculate the number of days between two dates using the actual-day-count method. date1 and date2 can be numbers or lists of numbers within the range of the dates on the standard calendar.

Note: Dates must be between the years 1950 through 2049.

dbd(date1,date2)

You can enter date1 and date2 in either of two formats.

•

MM.DDYY (United States)

•

DDMM.YY (Europe)

The decimal placement differentiates the date formats.

Defining the Payment Method

Pmt_End and Pmt_Bgn (menu items E and F) specify a transaction as an ordinary annuity or an annuity due. When you execute either command, the TVM Solver is updated.

Pmt_End

Pmt_End (payment end) specifies an ordinary annuity, where payments occur at the end of each payment period. Most loans are in this category. Pmt_End is the default.

Pmt_End

On the TVM Solver’s PMT:END BEGIN line, select END to set PMT to ordinary annuity.

Pmt_Bgn

Pmt_Bgn (payment beginning) specifies an annuity due, where payments occur at the beginning of each payment period. Most leases are in this category.

Pmt_Bgn

On the TVM Solver’s PMT:END BEGIN line, select BEGIN to set PMT to annuity due.