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ACCRINT

This function calculates the accrued interest for a security that pays periodic interest.

Syntax

ACCRINT(issue, first, settle, rate, par, frequency, [basis])

Arguments

This function has these arguments:

Argument

Description

issue

[Required] Date that the security is issued

first

[Required] First date for calculating the interest for the security

settle

[Required] Settlement date for the security

rate

[Required] Annual interest rate for the security

par

[Required] Par value for the security; if omitted, the calculation uses a value of $1,000

frequency

[Required] Frequency of payment, number of payments per year

basis

[Optional] Integer representing the basis for day count

Remarks

This function requires that the issue is less than the settlement (otherwise a #NUM! error is returned). If the rate or par is less than or equal to 0, then a #NUM! error is returned. If the frequency is a number other than 1, 2, or 4, then a #NUM! error is returned. If the basis is less than 0 or greater than 4, a #NUM! error is returned.

Examples

ACCRINT(A1,A2,A3,B4,D9,E9,0)

ACCRINT(DATE(2003,1,1),DATE(2003,1,7),DATE(2005,1,7),0.5,1000,2) gives the result 1008.33333