ACCRINT Google Sheet Formula
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ACCRINT Formula Syntax
Example Use Case
Calculating accrued interest for a security that pays periodic interest
Understanding the ACCRINT Formula
The ACCRINT function in Excel calculates the accrued interest for a security that pays periodic interest. It's a financial tool for investment analysis—like determining the interest earned on bonds or notes between payment dates.
ACCRINT("2022-01-01", "2022-03-01", "2022-12-31", 0.05, 1000, 2, 0) returns the accrued interest for a bond with 5% annual rate and $1,000 par value, with semiannual payments. It takes issue_date, first_interest, settlement, rate, par, frequency, basis, and optional calc_method arguments, providing accurate interest calculations per financial industry standards.
Why Use ACCRINT?
ACCRINT handles bond valuations—think fixed-income investments or treasury securities. Its comprehensive parameter set allows for precise interest calculations following established conventions, making it essential for financial modeling, portfolio valuation, or investment analysis.
Example with Sample Data
Parameters | Formula | Result |
---|---|---|
Issue: 1/1/2022 First Int: 3/1/2022 Settle: 12/31/2022 5%, $1000, Semi-annual | =ACCRINT("1/1/2022", "3/1/2022", "12/31/2022", 0.05, 1000, 2, 0) | 50.00 |
Issue: 1/1/2022 First Int: 3/1/2022 Settle: 7/15/2022 4.5%, $5000, Quarterly | =ACCRINT("1/1/2022", "3/1/2022", "7/15/2022", 0.045, 5000, 4, 0) | 129.38 |
Issue: 1/1/2022 First Int: 3/1/2022 Settle: 12/31/2022 5%, $1000, Semi-annual Actual/365 basis | =ACCRINT("1/1/2022", "3/1/2022", "12/31/2022", 0.05, 1000, 2, 3) | 49.32 |
ACCRINT calculates periodic interest: $50 accrued on a $1000 bond at 5%. It's a bond interest calculator.
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