Hi Nicole!
You after years and fractions of a year. You can get errors whatever
denominator you use in terms of getting a generally applicable
solution. Closest approximation will be to use 365.25.
There is a YEARFRAC function in the Analysis ToolPak but there are
some problems with that even if you use the Actual / Actual basis 1
argument. The reason for those problems is in its algorithm for
determining the denominator where it takes the average number of days
in the years spanned by the two dates inclusive of the years in which
the dates occur.
If you need an accurate solution and can accept the algorithm it is
based upon, you have to use a much more complex formula approach or a
User Defined Function. You'll find the formula and UDF plus details of
the algorithm and problems in the following thread:
http://www.google.com/groups?threadm=#PyIUb0yCHA.2816@TK2MSFTNGP09
--
Regards
Norman Harker MVP (Excel)
Sydney, Australia
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