Join Curt Frye for an in-depth discussion in this video INTRATE: Calculating the interest rate of a fully invested security, part of Excel 2010: Financial Functions in Depth.
Excel has many functions that let you evaluate your investments.…If you buy a bond at a set price and receive a payment when the instrument…matures, you are said to be fully invested.…If the bonds or prospectus doesn't list the investment's annual interest rate,…you can find it by using the INTRATE function.…To use the INTRATE function, you need to know the following five things.…The first is the settlement date and that is the date that you take control of the investment.…Then next is the maturity date and that is the last date of the bond and that is…when all interests and other payments are due to you.…
Next is the investment and that's simply the amount that you pay for the bond.…The redemption value is the amount that you get at the maturity date and the…basis is how you calculate the number of days in a month and a year.…The default value for North America, which is what we are using here, is 0 and…that means that you work with 30 day months and a 360 day year.…There are other values that are available depending upon the basis that you're…
- 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 Appropriate for all
Excel 2010: Data Validation in Depthwith Dennis Taylor59m 45s 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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