Difference between revisions of "Manuals/calci/accrintm"

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<div style="font-size:30px">'''ACCCRINTM(I, Settle,R,Par,basis)'''</div><br/>
 
  
*<math>I</math> Security's issue date.
 
*<math>Settle</math> Security's settlement date should  be after issue date.
 
*<math>R</math> Security annual coupon rate.
 
*<math>Par</math> Security par value.
 
*<math>basis></math> Type of day count basis.
 
 
==Description==
 
*This function returns the accumulated interest for a security that pays interest at maturity.
 
*Issue, Basis, Settlement be integers.
 
*ACCRINTM shows the error value when:
 
1.R less-than or equal to 0
 
2.Par less-than or equal to 0
 
3.basis < 0 or basis > 4
 
4.I date greater-than or equal to settle date.
 
 
:<math>ACCRINTM = Par * Rate *\frac{M}{D}</math>
 
*<math>M</math> number of days counted from issue date to maturity date.
 
*<math>D</math> Annual Year Basis.
 
 
==Example==
 
{| class="wikitable"
 
|+Spreadsheet
 
|-
 
! !! A !! B
 
|-
 
! 1
 
| 3/1/2008
 
 
|-
 
! 2
 
| 8/15/2008
 
|
 
|-
 
! 3
 
| 12 
 
|
 
|-
 
! 4
 
| 1000
 
|
 
|-
 
! 5
 
| 3
 
|
 
|}
 
 
*=ACCRINTM(A1,A2,A3,A4,A5)
 
5490.41095890411
 
*=ACCRINTM("3/7/2012","7/13/2013",10,10000,4)
 
135000
 
*=ACCRINTM("3/7/2012","7/13/2013",10,10000,5)
 
NAN
 
 
==Related Videos==
 
 
{{#ev:youtube|wkvOBTuJEuw|280|center|ACCRINTM}}
 
 
==See Also==
 
*[[Manuals/calci/ACCRINT| ACCRINT]]
 
*[[Manuals/calci/DATE| DATE]]
 
 
==Refernces==
 
*[http://www.excelfunctions.net/Excel-Accrintm-Function.html  Accrued interest]
 

Latest revision as of 15:16, 19 August 2016