,Intrate(Settlement, Maturity, Investment, Redemption[, Basis])
Settlement. The payment day on securities. This date is later than the issue date (the date when the securities were sold to the buyer).
Maturity. The security's maturity date. The maturity date is the date when the security expires.
Investment. The amount invested in securities. Parameter value must be greater than zero.
Redemption. The amount received at maturity for a fully invested security. Parameter value must be greater than zero.
Basis. The day calculation method used. It is set in the range from 0 to 4:
0. The day calculation method - American. 360 days (NSAD method). Default value.
1. Day calculation method - Actual/actual.
2. Day calculation method - Actual/360 days.
3. Day calculation method - Actual/365 days.
4. Day calculation method - European 30/360 days.
Optional parameter.
NOTE. To determine the parameter, specify either the parameter value or the cell address where it is located.
It returns the interest rate for a fully invested security.
The value of the Settlement parameter must be less than value of the Maturity parameter.
The function is calculated as follows:
,
where:
B. The number of days in a year depends on the selected Basis argument value.
DSM. Number of days from the Settlement calculation date to the Maturity maturity date calculated basing on 360 day year.
| Formula | Result | Description |
| =Intrate("01.01.2008", "01.06.2008", 1500.5, 1600.4, 0) | 0,16 | Interest rate based on the following terms:
|
| =Intrate("01.01.2008", "01.06.2008", A0, B0) | 0,5 | Interest rate based on the following terms:
|
See also:
Function Wizard │ Financial Functions │ Received