WorksheetFunction.AccrInt Method (Excel)
Returns the accrued interest for a security that pays periodic interest.
Syntax
expression .AccrInt(Arg1, Arg2, Arg3, Arg4, Arg5, Arg6, Arg7)
expression A variable that represents a WorksheetFunction object.
Parameters
Name |
Required/Optional |
Data Type |
Description |
|---|---|---|---|
Arg1 |
Required |
Variant |
Issue date - Security's issue date. |
Arg2 |
Required |
Variant |
First interest - Security's first interest date. |
Arg3 |
Required |
Variant |
Settlement - Security's settlement date |
Arg4 |
Required |
Variant |
Rate - Security's annual coupon rate. |
Arg5 |
Required |
Variant |
Par - Security's par value. |
Arg6 |
Required |
Variant |
Frequency - Number of coupon payments per year. |
Arg7 |
Optional |
Variant |
Basis - The type of day count basis to use. |
Return Value
Double
Remarks
Important
Dates should be entered using the DATE function, or as results of other formulas or functions. For example, use DATE(2008,5,23) for the 23rd day of May, 2008. Problems can occur if dates are entered as text.
The following table describes the values that can be used for Arg5.
Basis |
Day count basis |
|---|---|
0 or omitted |
US (NASD) 30/360 |
1 |
Actual/actual |
2 |
Actual/360 |
3 |
Actual/365 |
4 |
European 30/360 |