# ACCRINT

## Content

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