Day count fraction: Difference between revisions

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	a {{tag\|day count fraction}}, actually*, is a means of calculating accrued [[interest]] for periods shorter than a year. Different currencies and different interest rates have different conventions. The Numerator designates the number of days in the interest period in question; the denominator the number of days in the year. The {{tag\|day count fraction}} can then be multiplied by the notional amount and the interest rate to get the dollar amount of interest due.		a {{tag\|day count fraction}}, actually*, is a [[deterministic]] means of calculating accrued [[interest]] for periods shorter than a year. Different currencies and different interest rates have different conventions. The Numerator designates the number of days in the interest period in question; the denominator the number of days in the year. The {{tag\|day count fraction}} can then be multiplied by the notional amount and the interest rate to get the dollar amount of interest due.

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