Difference between revisions of "Manuals/calci/accrintm"

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'''ACCCRINTM'''(I, Settle,R,Par,basis)
 
  
<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 and
 
<math>basis></math>- Type of day count basis.
 
 
 
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  R less-than or equal to 0 or if Par less-than or equal to 0, basis&lt;0 or basis&gt;4 and I date greathearted or equal to settle date,
 
 
'''Formula''':-
 
 
ACCRINTM=Par χ Rate χ(M /D)
 
 
where,
 
 
'''M''' - number of days counted from issue date to matuarity date.
 
 
'''D''' - Annual Year Basis.
 
 
ACCRINTM
 
 
Lets see an example in (Column2,Row2)
 
 
=ACCRINTM(B2,B3,B4,B5,B6)
 
 
where
 
 
B2=3/1/2008
 
 
B3=8/15/2008
 
 
B4=12%
 
 
B5=1000
 
 
B6=3
 
 
ACCRINTM returns 54.6667.
 
 
{| id="TABLE3" class="SpreadSheet blue"
 
|- class="even"
 
| class=" " |
 
| Column1
 
| class="  " | Column2
 
| Column3
 
| Column4
 
|- class="odd"
 
| class=" " | Row1
 
| class="sshl_f" | 3/1/2008
 
| class="sshl_f" |
 
| class="                                                            " |
 
|
 
|- class="even"
 
| class="  " | Row2
 
| class="sshl_f" | 8/15/2008
 
| class="sshl_f" | 54.666667
 
|
 
|
 
|- class="odd"
 
| Row3
 
| class="sshl_f " | 12%
 
| class="                                                                              sshl_f sshl_t ChangeBGColor" |
 
|
 
|
 
|- class="even"
 
| Row4
 
| class="  " | 1000
 
| class="sshl_t" |
 
|
 
|
 
|- class="odd"
 
| class=" " | Row5
 
| class=" " | 3
 
| class="sshl_t" |
 
|
 
|
 
|- class="even"
 
| Row6
 
| class="sshl_f" |
 
| class="sshl_t" |
 
|
 
| class="sshl_f " |
 
|}
 

Latest revision as of 14:16, 19 August 2016