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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

ACCRINT

INTRATE