ACCRINTM returns the accrued interest for a security that pays interest at maturity.

1. EXCEL
FUNCTIONS:
ACCRINTM
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2. EXCEL FUNCTIONS
Excel Functions
Financial Logical Text Date &
Time
Lookup &
Reference Math & Trig Statistics Engineering Information
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3. FINANCIAL FUNCTIONS STARTING WITH THE LETTER
A
Financial
Functions
ACCRINT ACCRINTM AMORDEGRC AMORLINC
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ACCRINTM FUNCTION DESCRIPTION &
SYNTAX
ACCRINTM returns the accrued interest for a security that pays interest at maturity.
issue, settlement, rate, par, [basis]

5. THE
ARGUMENTS
OF
ACCRINTM
FUNCTION
AS
FOLLOWS:
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Argument Meaning
Issue The issue date of the security
Settlement The security’s settlement date
Rate The security’s annual coupon rate
[Par] The security’s par value
If omitted, [par] takes the default value of 1,000
[Basis] An optional argument, that specifies the day count basis to be
used in the calculation.
Possible value of [basis] and their meaning are:
[basis] = Day Count Basis
0 (or omitted) = US (NASD) 30/360
1 = actual/actual
2 = actual/360
3 = actual/365
4 = European 30/360

6. ACCRINTM
FUNCTION
EXAMPLE
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Accrued interest on a security with an issue date of 01-Jan-
2018
A settlement date of 31-Dec-2019
The annual coupon rate is 8%
The par value of the security is $10,000
Payments are made quarterly, on a US (NASD) 30 / 360
basis

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