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ACCRINTM
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 | [Required] Date that the security is issued |
maturity | [Required] Maturity date for 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 |
basis | [Optional] Integer representing the basis for day count |
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.
Examples
ACCRINTM(A2,A3,B4,D9,3)
ACCRINTM(R1C1,R2C3,R4C2,R9C4,3)