Documentation/How Tos/Calc: DOLLARDE function

CALC FUNCTIONS

Financial Functions

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FUNCTIONS

Depreciation

• Amordegrc
• Amorlinc
• Db
• Ddb
• Sln
• Syd
• Vdb

Payment Streams, Annuities, Loans

• Cumipmt
• Cumipmt Add
• Cumprinc
• Cumpinc Add
• Fv
• Fvschedule
• Ipmt
• Irr
• Ispmt
• Mirr
• Nper
• Npv
• Pmt
• Ppmt
• Pv
• Rate
• Rri
• Xirr
• Xnpv

Securities

• Accrint
• Accrintm
• Disc
• Duration
• Duration Add
• Effective
• Effect Add
• Intrate
• Mduration
• Nominal
• Nominal Add
• Oddfprice
• Oddfyield

Coupons

• Coupdaybs
• Coupdays
• Coupdaysnc
• Coupncd
• Coupnum
• Couppcd

Miscellaneous

• Dollarde
• Dollarf

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DOLLARDE

Converts a fractional number representation of a number into a decimal number.

Syntax:

DOLLARDE(fractionalrep; denominator)

fractionalrep: the fractional representation. Sometimes a security price, for example, might be expressed as 2.03, meaning $2 and 3/16 of a dollar.

denominator: the denominator - for example, 16 in the example above.

DOLLARDE converts the fractional representation to decimal. Despite its name, it returns a number, not a currency. Its inverse is DOLLARFR.

Example:

DOLLARDE(2.03; 16)

returns 2.1875 as a number. 2 + 3/16 equals 2.1875.

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See Also

• DOLLARFR

• VALUE

• Financial functions

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