ACCRINT function
Returns the accrued interest for a security that pays periodic interest
Syntax
ACCRINT(issue, first_interest, settlement, rate, par, frequency, [basis], [calc_method])Square brackets indicate optional arguments.
Arguments
| Argument | Required | Meaning |
|---|---|---|
| issue | Yes | The security's issue date."2008-3-1" |
| first_interest | Yes | The security's first interest date."2008-8-31" |
| settlement | Yes | The security's maturity date."2008-5-1" |
| rate | Yes | The security's annual coupon rate.10% |
| par | Yes | The security's par value.1000 |
| frequency | Yes | The number of coupon payments per year.2 |
| basis | No | The type of day count basis to use.0 |
| calc_method | No | Is a logical value: interest accrues from the issue date = TRUE or ignored; interest accrues from the last coupon payment date = FALSE.true |
Try ACCRINT
Accrue interest before the first regular coupon
=ACCRINT(A2,B2,C2,D2,E2,2,0,TRUE)Under US 30/360, January 1 to April 1 is 90 days. Interest is 1000*6%*90/360=15. TRUE requests accrual from issue; after the first interest date, FALSE instead measures from first_interest. Use the security terms to select the date basis; do not treat these synthetic terms as a real security.
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ACCRINT · top-level call
=ACCRINT(A2,B2,C2,D2,E2,2,0,TRUE)Follow the cells behind a result
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Reference and compatibility
Univer 1.0.4 / Apache-2.0. Calculation checks cover the supplied examples only. The browser worksheet does not implement every Excel feature, external service or connected data type.