The ACCRINTM function is one of the financial functions. It is used to calculate the accrued interest for a security that pays interest at maturity.
The ACCRINTM function syntax is:
ACCRINTM(issue, settlement, rate, [[par] [, [basis]]])
issue is the issue date of the security.
settlement is the maturity date of the security.
rate is the annual interest rate of the security.
par is the par value of the security. It is an optional argument. If it is omitted, the function will assume par to be $1000.
basis is the day count basis to use, a numeric value greater than or equal to 0, but less than or equal to 4. It is an optional argument. It can be one of the following:
Note: dates must be entered by using the DATE function.
The values can be entered manually or included into the cell you make reference to.
To apply the ACCRINTM function,
The result will be displayed in the selected cell.
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