# INTRATE

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## 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* | Settlement date for the security. |
| *mature* | Maturity date for the security. |
| *invest* | Amount invested in the security. |
| *redeem* | Amount to be received at maturity. |
| *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 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.

## Data Types

Accepts numeric data for all arguments. Returns numeric data.

## 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

## Version Available

This function is available in product version 1.0 or later.

## See Also

[ACCRINT](/spreadnet/docs/latest/online-formula/formulas-functionsall/formulas-functsAtoC/FunctionACCRINT) \| [EFFECT](/spreadnet/docs/latest/online-formula/formulas-functionsall/formulas-functsDtoG/FunctionEFFECT) \| [RATE](/spreadnet/docs/latest/online-formula/formulas-functionsall/formulas-functsRtoS/FunctionRATE) \| [RECEIVED](/spreadnet/docs/latest/online-formula/formulas-functionsall/formulas-functsRtoS/FunctionRECEIVED) \| [Financial Functions](/spreadnet/docs/latest/online-formula/formulas-overview/formulas-functs/formulas-functtypes/formulas-functsfinance)