How to Calculate Approximate Macaulay Duration?
Approximate Macaulay Duration calculator uses Approximate Macaulay Duration = Approximate Modified Duration*(1+Rate of Interest) to calculate the Approximate Macaulay Duration, Approximate Macaulay Duration provides a quick estimate of the duration of a bond without the need for detailed cash flow analysis and discounting. Approximate Macaulay Duration is denoted by AMYD symbol.
How to calculate Approximate Macaulay Duration using this online calculator? To use this online calculator for Approximate Macaulay Duration, enter Approximate Modified Duration (AMD) & Rate of Interest (R) and hit the calculate button. Here is how the Approximate Macaulay Duration calculation can be explained with given input values -> 4.445 = 1.27*(1+2.5).