Jos,

Y'know, I kind of thought that, but given this calculation:

nNewValue = (nOldValue * ((1 + nInterestRate/(365*100))^(365 * nDays / 365)))

I couldn't see what they were trying to do (other than incorrectly use 365 to annualize).

Jay

>Renoir, it is the "power to" function. Same as double asterisk **. i.e. 4^2 = 16 and 4**2 = 16
>
>
>>What would the "^" character do in a calculation? Can't seem to locate it anywhere.
>>
>>Renoir