To calculate the expiration date:
E=A+V
Where:
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.
Let's assume the following values:
Using the formula:
E=2024-07-01+90 days=2024-09-29
The Expiration Date is 2024-09-29.