Spread Formula Reference
Formula Functions / Functions R to S / RECEIVED
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    RECEIVED
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    This function returns the amount received at maturity for a fully invested security.

    Syntax

    RECEIVED(settle,mature,invest,discount,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
    discount Discount rate for the security
    basis [Optional] Integer representing the basis for day count (Refer to Day Count Basis.)

    Remarks

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

    RECEIVED(A1,B2,C3,C4,1)

    RECEIVED("3/01/2004","6/01/2004",600000,0.03,2) gives $604,635.50

    Version Available

    This function is available in product version 1.0 or later.

    See Also

    INTRATE | Financial Functions