Timeline for What does a 30/360 day count convention mean?
Current License: CC BY-SA 3.0
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| Jul 8, 2012 at 14:07 | comment | added | JTP - Apologise to Monica♦ | Dilip, that's not how I read the Wiki entry. I don't see the 365/360 effect, just that every month is treated equally. This appears to be how my mortgage works. ignoring the fact that Feb has 28 days and others, 31. The amortization is done as 1/12 of the year ignoring days. | |
| Jul 8, 2012 at 13:35 | history | answered | Dilip Sarwate | CC BY-SA 3.0 |