Syntax
=DISC(settlement, maturity, pr, redemption, [basis])Arguments
| Argument | Required | Description |
|---|---|---|
settlement | Required | The settlement date |
maturity | Required | The maturity date |
pr | Required | The price per 100 face value |
redemption | Required | The redemption value per 100 face value |
basis | Optional | The day count basis, 0 to 4 |
How to use DISC
DISC takes 4 required arguments and 1 optional argument. Type =DISC( 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.
=DISC(DATE(2018,7,1), DATE(2048,1,1), 97.975, 100, 1)Result Related financial functions
- CUMIPMTReturns the total interest paid on a loan between two periods.
- CUMPRINCReturns the total principal paid on a loan between two periods.
- DBReturns the depreciation of an asset for a period with the fixed declining balance method.
- DDBReturns the depreciation of an asset for a period with the double declining balance method or another factor.
- DOLLARDEConverts a price written as a whole number and a fraction (like 1.02 meaning 1 and 2/16) to a decimal number.
- DOLLARFRConverts a decimal price to a whole number and a fraction written after the decimal point.
- DURATIONReturns the Macaulay duration in years of a security that pays periodic interest, for 100 face value.
- EFFECTReturns the effective annual interest rate from a nominal rate and the compounding periods per year.
- FVReturns the future value of an investment with constant payments and a constant rate.