RECEIVED

Summary

This function returns the amount received at maturity for a fully invested security.

Syntax

RECEIVED(settle,mature,invest,discount,basis)

Arguments

This function has these arguments:

Argument	Description
settle	Settlement date for the security
mature	Maturity date for the security
invest	Amount invested in the security
discount	Discount rate for the security
basis	[Optional] Integer representing the basis for day count (Refer to Day Count Basis.)

Remarks

This function returns a #VALUE! error when settle or mature is invalid. Settle, mature, and basis are truncated to integers. If invest or discount is less than or equal to 0, a #NUM! error is returned. If basis is less than 0 or greater than 4, a #NUM! error is returned. If settle is greater than or equal to mature, a #NUM! error is returned.

Data Types

Accepts numeric data for all arguments. Returns numeric data.

Examples

RECEIVED(A1,B2,C3,C4,1)

RECEIVED("3/01/2004","6/01/2004",600000,0.03,2) gives $604,635.50