# ACCRINT

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## 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* | Date that the security is issued |
| *first* | First date for calculating the interest for the security |
| *settle* | Settlement date for the security |
| *rate* | Annual interest rate for the security |
| *par* | [Optional] Par value for the security; if omitted, the calculation uses a value of $1,000 |
| *frequency* | Frequency of payment, number of payments per year |
| *basis* | [Optional] Integer representing the basis for day count (Refer to [Day Count Basis](/spreadnet/docs/latest/online-formula/formulas-overview/formulas-functs/formulas-functtypes/formulas-functsfinance/formulas-functsdaycount).) |

## 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.

## Data Types

Accepts numeric and DateTime object data. Returns numeric data.

## 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

## Version Available

This function is available in product version 1.0 or later.

## See Also

[ACCRINTM](/spreadnet/docs/latest/online-formula/formulas-functionsall/formulas-functsAtoC/FunctionACCRINTM) \| [INTRATE](/spreadnet/docs/latest/online-formula/formulas-functionsall/formulas-functsFtoK/FunctionINTRATE) \| [Financial Functions](/spreadnet/docs/latest/online-formula/formulas-overview/formulas-functs/formulas-functtypes/formulas-functsfinance)