# INTRATE

## Content

This function calculates the interest rate for a fully invested security.

## Syntax

`INTRATE(settle, mature, invest, redeem, [basis])`

## Arguments

This function has these arguments:

| Argument | Description |
| -------- | ----------- |
| *settle* | [Required] Settlement date for the security |
| *mature* | [Required] Maturity date for the security |
| *invest* | [Required] Amount invested in the security |
| *redeem* | [Required] Amount to be received at maturity |
| *basis* | [Optional] Integer representing the basis for day count |

## Remarks

This function returns a #VALUE! error when *settle* or *mature* is invalid. *Settle*, *mature*, and *basis* are truncated to integers.

* If *invest* or *redeem* 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.

## Examples

`INTRATE(A1,B3,70000,72000,3)`
`INTRATE(R1C1,R4C4,82000,86500,2)`
`INTRATE("3/1/2003","5/31/2003",65000,70000,2)` gives the result 0.304311074