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RECEIVED

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This function returns the amount received at maturity for a fully invested security.

Syntax

RECEIVED(settle,mature,invest,discount,basis)

Arguments

This function has these arguments:

Argument

Description

settle

Settlement date for the security

mature

Maturity date for the security

invest

Amount invested in the security

discount

Discount rate for the security

basis

[Optional] Integer representing the basis for day count (Refer to Day Count Basis.)

Remarks

This function returns a #VALUE! error when settle or mature is invalid. Settle, mature, and basis are truncated to integers. If invest or discount is less than or equal to 0, a #NUM! error is returned. If basis is less than 0 or greater than 4, a #NUM! error is returned. If settle is greater than or equal to mature, a #NUM! error is returned.

Data Types

Accepts numeric data for all arguments. Returns numeric data.

Examples

RECEIVED(A1,B2,C3,C4,1)

RECEIVED("3/01/2004","6/01/2004",600000,0.03,2) gives $604,635.50

 

See Also

INTRATE