Syntax
=PRICEMAT(settlement, maturity, issue, rate, yld, [basis])Arguments
| Argument | Required | Description |
|---|---|---|
settlement | Required | The settlement date |
maturity | Required | The maturity date |
issue | Required | The issue date |
rate | Required | The interest rate at issue |
yld | Required | The annual yield |
basis | Optional | The day count basis, 0 to 4 |
How to use PRICEMAT
PRICEMAT takes 5 required arguments and 1 optional argument. Type =PRICEMAT( 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.
=PRICEMAT(DATE(2008,2,15), DATE(2008,4,13), DATE(2007,11,11), 0.061, 0.061, 0)Result Related financial functions
- PMTReturns the payment per period of a loan or investment with a constant rate and constant payments.
- PPMTReturns the principal part of one payment of a loan or investment.
- PRICEReturns the price per 100 face value of a security that pays periodic interest.
- PRICEDISCReturns the price per 100 face value of a discounted security.
- PVReturns the present value of a series of equal future payments.
- RATEReturns the interest rate per period of a loan or investment, found by iteration.
- RECEIVEDReturns the amount received at maturity for a fully invested security.
- RRIReturns the equal interest rate per period that grows a present value into a future value.
- SLNReturns the straight line depreciation of an asset for one period.