Floating Point and Financial Software
Perry E. Metzger
perry at piermont.com
Wed May 22 15:51:03 PDT 1996
Mike Duvos writes:
> There seem to be a few mini-flames on the list over whether
> floating point data representations are appropriate for financial
> software.
>
> In a nutshell, the answer is "YES", and the use of floating point
> arithmetic is common in such applications.
Again, I have seen floating point used for things like rates and in
simulations. I have never seen it used for accounting. If you can
name a system in which accounts were kept in floats I'd like to hear
about it -- personally I'd be surprised. I've never seen such a thing.
.pm
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