DOLLARFR function
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Depreciation
Payment Streams, Annuities, Loans
Securities
Coupons
Miscellaneous
DOLLARFR
Converts a decimal number into a fractional representation of that number.
Syntax:
DOLLARFR(decimal; denominator)
- decimal: the decimal number.
- denominator: the denominator for the fractional representation.
- Sometimes a security price, for example, might be expressed as 2.03, a fractional representation meaning $2 and 3/16 of a dollar. As a decimal this is 2.1875.
- DOLLARFR converts the decimal representation to a fractional representation. Despite its name, it returns a number, not a currency. Its inverse is DOLLARDE.
Example:
DOLLARFR(2.1875; 16)
- returns 2.03 as a number. 2 + 3/16 equals 2.1875.
See Also
