Appraisal Expiration Date Calculator

Formula

To calculate the expiration date:

\[ E = A + V \]

Where:

\(E\) is the expiration date
\(A\) is the appraisal date
\(V\) is the validity period (in days)

What is an Appraisal Expiration Date?

An appraisal expiration date is the date on which an appraisal is no longer considered valid. This is crucial in fields like real estate, finance, and insurance, where the value of a property or asset needs to reflect current market conditions. Once the expiration date passes, a new appraisal may be required to provide an updated valuation.

Example Calculation

Let's assume the following values:

Appraisal Date = 2024-07-01
Validity Period = 90 days

Using the formula:

\[ E = \text{2024-07-01} + 90 \text{ days} = \text{2024-09-29} \]

The Expiration Date is 2024-09-29.