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Formula Reference / Formula Functions / Financial Functions / ACCRINTM
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    ACCRINTM
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    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 Date that the security is issued
    maturity Maturity date for 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
    basis [Optional] Integer representing the basis for day count (Refer to Day Count Basis.)

    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.

    Data Types

    Accepts numeric and DateTime object data. Returns numeric data.

    Examples

    ACCRINTM(A2,A3,B4,D9,3)

    ACCRINTM(R1C1,R2C3,R4C2,R9C4,3)

    See Also