Excel AccrintM Function

This post will guide you how to use Excel ACCRINTM function with syntax and examples in Microsoft excel.

Description

The Excel ACCRINTM function returns the accrued interest for a security that pays interest at maturity.

The ACCRINTM function is a build-in function in Microsoft Excel and it is categorized as a Financial Function.

The ACCRINTM function is available in Excel 2016, Excel 2013, Excel 2010, Excel 2007,  Excel 2011 for Mac.

Syntax

The syntax of the ACCRINTM function is as below:

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

Where the ACCRINTM function arguments are:

  • Issue -This is a required argument. The security’s issue date.
  • Sattlement – This is a required argument.  The security’s settlement date.
  • Rate – This is a required argument.  The security’s annual coupon rate.
  • Par – This is a required argument.  The par value of the security. Note: If Par is omitted, the default Par value will be set to $1000.
  • Basis – This is an optional argument. The type of day count basis to use.  it can be set as the following values:
Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360

Excel ACCRINTM Function Example

The below examples will show you how to use Excel ACCRINTM Function to return the accrued interest for a security that pays interest at maturity.

#1 =ACCRINTM(B1,B2,B3,B4,B5)

excel accrintM function example1


Related Functions

  • Excel Accrint Function
    The Excel ACCRINT function returns the accrued interest for a security that pays periodic interest.The syntax of the ACCRINT function is as below:= ACCRINT (issue, first_interest, settlement, rate, par, frequency, [basis], [calc_method])
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