Hi Team,
Following returns an incorrect value.
=(0.01)^(1/365)
Here with I have added an excel for your reference (Try A5, A6 and A7. A5 has the above formula).
Calculated Values
A1=0.00273972602739726 => =1/365
A2=0.00273972602739726 => Same, manually inserted
A5=0.987462354835435 => =(0.01)^(1/365) => Incorrect
A6=0.993711404199144 => =(0.01)^(A1) => Correct
A7=0.993711404199144 => =(0.01)^(A2) => Correct
I suspect that this is happening due to the (1/365) part because in a general programming model, this returns an integer since both are integers.
Tried replace that with a variable (excel reference) and then it works (A6).
POWER() also behaves the same.
Thanks!
Attachment:
TestPowerWithFrac_a8307618.zip