ACCRINTM function
Summary
Returns the accrued interest for a security that pays interest at maturity
Syntax
ACCRINTM(issue, settlement, rate, par, [basis])
Important: Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
The ACCRINTM function syntax has the following arguments:
• Issue Required. The security's issue date.
• Settlement Required. The security's maturity date.
• Rate Required. The security's annual coupon rate.
• Par Required. The security's par value. If you omit par, ACCRINTM uses $1,000.
• Basis Optional. The type of day count basis to use.
Basis | Day count basis
0 or omitted | US (NASD) 30/360
1 | Actual/actual
2 | Actual/360
3 | Actual/365
4 | European 30/360
The ACCRINTM function syntax has the following arguments:
• Issue Required. The security's issue date.
• Settlement Required. The security's maturity date.
• Rate Required. The security's annual coupon rate.
• Par Required. The security's par value. If you omit par, ACCRINTM uses $1,000.
• Basis Optional. The type of day count basis to use.
Basis | Day count basis
0 or omitted | US (NASD) 30/360
1 | Actual/actual
2 | Actual/360
3 | Actual/365
4 | European 30/360
Example
=ACCRINTM(A2,A3,A4,A5,A6)