Re: 360 vs. 365

[Rohit Sachan]

Hi,

In case of Libor or related calculations use 360. rest 365.

And when use 360 we need to use 

1+ r * d/360

rather than compounding.

Regards,

On Thursday, April 24, 2014, Brett Stehl <brett...@benjaminfedwards.com> wrote:

Can anyone break out when to use 360 days versus 365 days per year?

Will this actually make a difference on the exam?

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Regards,
Rohit Sachan 

B.Tech (Electronics Engg.)
Indian Institute of Technology - BHU

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