Function Type: Financial

Description: Returns the accrued interest for a security that pays at maturity.

Function Structure:

=ACCRINTM(issue, settlement, rate, par, [basis])

Argument Breakdown:

issue – The security’s issue date.

settlement – The security’s maturity date.

rate – The security’s annual coupon date.

par – The security’s par value. If you omit par, ACCRINTM uses $1,000.

basis – The type of day count basis to use.


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