Join Curt Frye for an in-depth discussion in this video ACCRINT and ACCRINTM: Calculating accrued interest for investments, part of Excel 2010: Financial Functions.
When you invest in a security that pays interest, you can receive your…interest payments in one of two ways: either periodically or all at once when…the security matures.…Excel has a function for each of these cases. The ACCRINT function lets you find…accrued Interest that's paid periodically, and of the ACCRINTM function…calculates interest that's paid in a lump sum when the security matures.…You can remember the difference between the two functions by remembering that…the M at the end stands for at maturity.…
In this workbook, I have two worksheets, one for periodic interest calculation…and the other for calculating interest at maturity.…On the Periodic worksheet, I have all of the arguments I need to calculate…accrued interest that's paid periodically.…So for example, I have the Issue Date, which is the date the security is first…issued, not the date that you bought it.…Then we have the First Interest Date and that is the date that it first pays…interest to its investors.…Settlement Date, that's the date you bought it, and then the Annual Rate, which is…
- Analyzing loans, payments, and interest
- Discovering the interest rate of an annuity
- Determining depreciation using the straight line, declining balance, double-declining balance, and other methods
- Calculating the future value of an investment with variable returns
- Finding the discount rate of a security
- Converting between fractional prices and decimal prices
- Determining the yield of securities that pay interest periodically
Skill Level Intermediate
Q: Where can I learn more about Excel formulas?
A: Discover more on this topic by visiting Excel formulas on lynda.com.
Managing and Analyzing Data in Excel 2010with Dennis Taylor1h 32m Intermediate
1. Analyzing Loans, Payments, and Interest
2. Calculating Depreciation
3. Determining Values and Rates of Return
4. Calculating Bond Coupon Dates and Security Durations
5. Calculating Security Prices and Yields
6. Calculating Prices and Yields of Securities with Odd Periods
Additional resources1m 5s
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