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ACCRINTM |
  
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ACCRINTM |
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This function calculates the accrued interest at maturity for a security that pays periodic interest.
Syntax
ACCRINTM(issue,maturity,rate,par,basis)
Arguments
This function has these arguments:
Argument |
Description |
issue |
Date that the security is issued |
maturity |
Maturity date for security |
rate |
Annual interest rate for the security |
par |
[Optional] Par value for the security; if omitted, the calculation uses a value of $1,000 |
basis |
[Optional] Integer representing the basis for day count (Refer to Day Count Basis.) |
Remarks
This function requires that issue is a valid date (otherwise a #Value! error is returned). If the rate or par is less than or equal to 0, then a #NUM! error is returned. If the basis is less than 0 or greater than 4, a #NUM! error is returned. If the issue is less than the settlement, then a #NUM! error is returned.
Data Types
Accepts numeric and DateTime object data. Returns numeric data.
Examples
ACCRINTM(A2,A3,B4,D9,3)
ACCRINTM(R1C1,R2C3,R4C2,R9C4,3)
See Also