Syntax
=ACCRINT(issue, first_interest, settlement, rate, par, frequency, [basis], [calc_method])Arguments
| Argument | Required | Description |
|---|---|---|
issue | Required | The issue date |
first_interest | Required | The first interest date |
settlement | Required | The settlement date |
rate | Required | The annual coupon rate |
par | Required | The par value |
frequency | Required | Coupon payments per year: 1, 2 or 4 |
basis | Optional | The day count basis, 0 to 4 |
calc_method | Optional | TRUE (default) to accrue from the issue date, FALSE from the first interest date |
How to use ACCRINT
ACCRINT takes 6 required arguments and 2 optional arguments. Type =ACCRINT( in a cell and SheetsBat shows the arguments as you go. Optional arguments are shown in square brackets; leave them out to use their default.
Examples
Each result below was calculated by the SheetsBat formula engine.
=ACCRINT(DATE(2008,3,1), DATE(2008,8,31), DATE(2008,5,1), 0.1, 1000, 2, 0)Result =ACCRINT(DATE(2008,4,5), DATE(2008,8,31), DATE(2008,5,1), 0.1, 1000, 2, 0, TRUE)Result Related financial functions
- ACCRINTMReturns the interest accrued on a security that pays interest at maturity.
- AMORDEGRCReturns the depreciation of an asset for an accounting period with the French declining balance system.
- AMORLINCReturns the straight line depreciation of an asset for an accounting period, prorated in the first period.
- COUPDAYBSReturns the days from the start of the coupon period to the settlement date.
- COUPDAYSReturns the number of days in the coupon period that contains the settlement date.
- COUPDAYSNCReturns the days from the settlement date to the next coupon date.
- COUPNCDReturns the next coupon date after the settlement date.
- COUPNUMReturns the number of coupons payable between the settlement date and maturity.
- COUPPCDReturns the coupon date on or before the settlement date.