Powered by

AVS Document Editor
This page is available in EnglishFrançaisDeutschItalianoEspañol
AVS Document Editor
Download
AVS Document Editor
Current Version:  4.2.3.302
Release Date:  12/27/2016
File Size:
125.17 MB

INTRATE Function

The INTRATE function is one of the financial functions. It is used to calculate the interest rate for a fully invested security that pays interest only at maturity.

The INTRATE function syntax is:

INTRATE(settlement, maturity, pr, redemption[, [basis]])

where

settlement is the date when the security is purchased.

maturity is the date when the security expires.

pr is the amount paid for the security.

redemption is the amount received for the security at maturity.

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:

Numeric value Count basis
0 US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360

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 INTRATE function,

  1. select the cell where you wish to display the result,
  2. click the Insert Function Insert Function icon icon situated at the top toolbar,
    or right-click within a selected cell and select the Insert Function option from the menu,
    or click the Function icon icon situated at the formula bar,
  3. select the Financial function group from the list,
  4. click the INTRATE function,
  5. enter the required arguments separating them by commas,
  6. press the Enter button.

The result will be displayed in the selected cell.

INTRATE Function

Download AVS Document Editor Current Version:  4.2.3.302File Size: 125.17 MB

Please note that AVS4YOU programs do not allow you to copy protected material. You may use this software in copying material in which you own the copyright or have obtained permission to copy from the copyright owner.

AVS4YOU is a registered trademark of Online Media Technologies, Ltd., UK. Intel and Core 2 Duo are registered trademarks of Intel Corporation. AMD and Athlon X2 are registered trademarks of Advanced Micro Devices, Inc. Windows 10/8.1/8/7/XP/2003/Vista are registered trademarks of Microsoft Corporation. All other trademarks are the property of their respective owners.