| Spread WPF Documentation > Formula Reference > Formula Functions > ACCRINT |
This function calculates the accrued interest for a security that pays periodic interest.
ACCRINT(issue,first,settle,rate,par,frequency,basis)
This function has these arguments:
| Argument | Description |
|---|---|
| issue | Date that the security is issued |
| first | First date for calculating the interest for the security |
| settle | Settlement date for the security |
| rate | Annual interest rate for the security |
| par | [Optional] Par value for the security; if omitted, the calculation uses a value of $1,000 |
| frequency | Frequency of payment, number of payments per year |
| basis | [Optional] Integer representing the basis for day count (Refer to Day Count Basis.) |
This function requires that the issue is less than the settlement (otherwise a #NUM! error is returned). If the rate or par is less than or equal to 0, then a #NUM! error is returned. If the frequency is a number other than 1, 2, or 4, then a #NUM! error is returned. If the basis is less than 0 or greater than 4, a #NUM! error is returned.
Accepts numeric and DateTime object data. Returns numeric data.
ACCRINT(A1,A2,A3,B4,D9,E9,0)
ACCRINT(DATE(2003,1,1),DATE(2003,1,7),DATE(2005,1,7),0.5,1000,2) gives the result 1008.33333