Syntax
=DOLLARDE(fractional_dollar, fraction)Arguments
| Argument | Required | Description |
|---|---|---|
fractional_dollar | Required | The number written with a fraction after the decimal point |
fraction | Required | The denominator of the fraction |
How to use DOLLARDE
DOLLARDE takes 2 required arguments. Type =DOLLARDE( in a cell and SheetsBat shows the arguments as you go. Optional arguments are shown in square brackets; leave them out to use their default.
Examples
Each result below was calculated by the SheetsBat formula engine.
=DOLLARDE(1.02, 16)Result =DOLLARDE(1.1, 32)Result Related financial functions
- CUMPRINCReturns the total principal paid on a loan between two periods.
- DBReturns the depreciation of an asset for a period with the fixed declining balance method.
- DDBReturns the depreciation of an asset for a period with the double declining balance method or another factor.
- DISCReturns the discount rate of a security.
- DOLLARFRConverts a decimal price to a whole number and a fraction written after the decimal point.
- DURATIONReturns the Macaulay duration in years of a security that pays periodic interest, for 100 face value.
- EFFECTReturns the effective annual interest rate from a nominal rate and the compounding periods per year.
- FVReturns the future value of an investment with constant payments and a constant rate.
- FVSCHEDULEReturns the future value of a principal after applying a series of interest rates.