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what is accrint function in excel with example. So to total the returns of the same ACCRINT Function of Excel is used. The mathematical formula to get the amount is shown in the image below.
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The function is categorized as Financial function in Excel. It returns the collected interest for the security that pays interest on a periodical basis. Pays interest one time only.
ACCRINTM was introduced in 2007 and hence not available for earlier versions.
The ACCRINT function is a built-in function in Excel that is categorized as a Financial Function. The function will calculate the accrued interest. The Excel ACCRINTM function returns the accrued interest for a security that pays interest at maturity ie. In the example shown we want to calculate accrued interest for a bond with a 5 coupon rate.
