ACCRINT Google Sheet Formula

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ACCRINT Formula Syntax

=ACCRINT("2022-01-01", "2022-03-01", "2022-12-31", 0.05, 1000, 2, 0)

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

ParametersFormulaResult
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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