Yes a formula like this should take into account leap years. And I am still not sure whether taking an annual interest rate and just dividing it by the number of days in a year will give the correct daily interest rate. You need to check with someone who knows if this is ok or not.
>Bingo! Thanks Jos!
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>BTW, doesn't it matter regarding leap years? Whenever I've had to annualize something I needed to take that into consideration.
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>Renoir
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In the End, we will remember not the words of our enemies, but the silence of our friends - Martin Luther King, Jr.
