Excel Financial Functions perform many of the common financial calculations, such as the calculation of yield, interest rates, duration, valuation and depreciation.
Learn all about Excel’s PMT, RATE, NPER, PV and FV To illustrate Excel’s most popular financial functions, we consider a loan with monthly payments, an annual interest rate of 6%, a 20-year duration, a present value of $150,000 (amount borrowed) and a future value of 0 (that’s what you hope to achieve when you pay off a loan). We make monthly payments, …
What is DB function in Excel? DB function is one of the Financial functions in Microsoft Excel that returns the depreciation of an asset for a specified period using the fixed-declining balance method. Syntax of DB function DB(cost, salvage, life, period, [month]) The DB function syntax has the following arguments: Cost: The initial cost of the …
What is NPER function in Excel? NPER function is one of the Financial functions in Microsoft Excel that returns the number of periods for an investment based on periodic, constant payments and a constant interest rate. Syntax of NPER function NPER(rate,pmt,pv,[fv],[type]) The NPER function syntax has the following arguments: Rate: The interest rate per period. Pmt: …
What is RRI function in Excel? RRI function is one of the Financial functions in Microsoft Excel that returns an equivalent interest rate for the growth of an investment. Syntax of RRI function RRI(nper, pv, fv) The RRI function syntax has the following arguments. Nper Required. Nper is the number of periods for the investment. Pv …
What is DDB function in Excel? DDB function is one of the Financial functions in Microsoft Excel that returns the depreciation of an asset for a specified period using the double-declining balance method or some other method you specify. Syntax of DDB function DDB(cost, salvage, life, period, [factor]) The DDB function syntax has the following arguments: …
What is NPV function in Excel? NPV function is one of the Financial functions in Microsoft Excel that calculates the net present value of an investment by using a discount rate and a series of future payments (negative values) and income (positive values). Syntax of NPV function NPV(rate,value1,[value2],…) The NPV function syntax has the following arguments: …
What is RECEIVED function in Excel? RECEIVED function is one of Financial functions in Microsoft Excel that returns the amount received at maturity for a fully invested security. Syntax of RECEIVED function RECEIVED(settlement, maturity, investment, discount, [basis]) The RECEIVED function syntax has the following arguments: Settlement: The security’s settlement date. The security settlement date is the …
What is DISC function in Excel? DISC function is one of the Financial functions in Microsoft Excel that returns the discount rate for a security. Syntax of DISC function DISC(settlement, maturity, pr, redemption, [basis]) The DISC function syntax has the following arguments: Settlement: The security’s settlement date. The security settlement date is the date after the …
What is ODDFPRICE function in Excel? ODDFPRICE function is one of the Financial functions in Microsoft Excel that returns the price per $100 face value of a security having an odd (short or long) first period. Syntax of ODDFPRICE function ODDFPRICE(settlement, maturity, issue, first_coupon, rate, yld, redemption, frequency, [basis]) The ODDFPRICE function syntax has the following …
What is RATE function in Excel? RATE function is one of Financial functions in Microsoft Excel that returns the interest rate per period of an annuity. RATE is calculated by iteration and can have zero or more solutions. If the successive results of RATE do not converge to within 0.0000001 after 20 iterations, RATE returns …
What is ACCRINT function in Excel? ACCRINT function is one of the Financial functions in Microsoft Excel that returns the accrued interest for a security that pays periodic interest. Syntax of ACCRINT function ACCRINT(issue, first_interest, settlement, rate, par, frequency, [basis], [calc_method]) The ACCRINT function syntax has the following arguments: Issue: The security’s issue date. First_interest: The …
What is DOLLARDE function in Excel? DOLLARDE function is one of the Financial functions in Microsoft Excel that converts a dollar price expressed as an integer part and a fraction part, such as 1.02, into a dollar price expressed as a decimal number. Fractional dollar numbers are sometimes used for security prices. The fraction part …
What is ODDFYIELD function in Excel? ODDFYIELD function is one of the Financial functions in Microsoft Excel that returns the yield of a security that has an odd (short or long) first period. Syntax of ODDFYIELD function ODDFYIELD(settlement, maturity, issue, first_coupon, rate, pr, redemption, frequency, [basis]) The ODDFYIELD function syntax has the following arguments: Settlement: The …
What is YIELD function in Excel? YIELD function is one of Financial functions in Microsoft Excel that returns the yield on a security that pays periodic interest. Use YIELD to calculate bond yield. Syntax of YIELD function YIELD(settlement, maturity, rate, pr, redemption, frequency, [basis]) Important: Dates should be entered by using the DATE function, or as results …
What is COUPDAYBS function in Excel? COUPDAYBS function is one of the Financial functions in Microsoft Excel that returns the number of days from the beginning of a coupon period until its settlement date. Syntax of COUPDAYBS function COUPDAYBS(settlement, maturity, frequency, [basis]) The COUPDAYBS function syntax has the following arguments: Settlement: The security’s settlement date. The …
What is DOLLARFR function in Excel? DOLLARFR function is one of the Financial functions in Microsoft Excel that uses the DOLLARFR to convert decimal numbers to fractional dollar numbers, such as securities prices. Syntax of DOLLARFR function DOLLARFR(decimal_dollar, fraction) The DOLLARFR function syntax has the following arguments: Decimal_dollar: A decimal number. Fraction: The integer to use …
What is ODDLPRICE function in Excel? ODDLPRICE function is one of the Financial functions in Microsoft Excel that returns the price per $100 face value of a security having an odd (short or long) last coupon period. Syntax of ODDLPRICE function ODDLPRICE(settlement, maturity, last_interest, rate, yld, redemption, frequency, [basis]) The ODDLPRICE function syntax has the following …
What is XNPV function in Excel? XNPV function is one of Financial functions in Microsoft Excel that returns the net present value for a schedule of cash flows that is not necessarily periodic. To calculate the net present value for a series of cash flows that is periodic, use the NPV function. Syntax of XNPV function …
What is AMORLINC function in Excel? AMORLINC function is one of the Financial functions in Microsoft Excel that returns the depreciation for each accounting period. This function is provided for the French accounting system. If an asset is purchased in the middle of the accounting period, the prorated depreciation is taken into account. Syntax of AMORLINC …
What is IPMT function in Excel? IPMT function is one of the Financial functions in Microsoft Excel that returns the interest payment for a given period for an investment based on periodic, constant payments and a constant interest rate. Syntax of IPMT function IPMT(rate, per, nper, pv, [fv], [type]) The IPMT function syntax has the following …
What is ODDLYIELD function in Excel? ODDLYIELD function is one of the Financial functions in Microsoft Excel that returns the yield of a security that has an odd (short or long) last period. Syntax of ODDLYIELD function ODDLYIELD(settlement, maturity, last_interest, rate, pr, redemption, frequency, [basis]) The ODDLYIELD function syntax has the following arguments: Settlement: The security’s …
What is XIRR function in Excel? XIRR function is one of Financial functions in Microsoft Excel that returns the internal rate of return for a schedule of cash flows that is not necessarily periodic. To calculate the internal rate of return for a series of periodic cash flows, use the IRR function. Syntax of XIRR function …
What is AMORDEGRC function in Excel? AMORDEGRC function is one of the Financial functions in Microsoft Excel that returns the depreciation for each accounting period. This function is provided for the French accounting system. If an asset is purchased in the middle of the accounting period, the prorated depreciation is taken into account. The function …
What is INTRATE function in Excel? INTRATE function is one of the Financial functions in Microsoft Excel that returns the interest rate for a fully invested security. Syntax of INTRATE function INTRATE(settlement, maturity, investment, redemption, [basis]) The INTRATE function syntax has the following arguments: Settlement: The security’s settlement date. The security settlement date is the date …
What is PDURATION function in Excel? PDURATION function is one of the Financial functions in Microsoft Excel that returns the number of periods required by an investment to reach a specified value. Syntax of PDURATION function PDURATION(rate, pv, fv) The PDURATION function syntax has the following arguments. Rate: Rate is the interest rate per period. Pv: …
What is VDB function in Excel? VDB function is one of Financial functions in Microsoft Excel that returns the depreciation of an asset for any period you specify, including partial periods, using the double-declining balance method or some other method you specify. VDB stands for variable declining balance. Syntax of VDB function VDB(cost, salvage, life, start_period, …
What is ACCRINTM function in Excel? ACCRINTM function is one of the Financial functions in Microsoft Excel that returns the accrued interest for a security that pays interest at maturity. Syntax of ACCRINTM function ACCRINTM(issue, settlement, rate, par, [basis]) The ACCRINTM function syntax has the following arguments: Issue: The security’s issue date. Settlement: The security’s maturity …
What is FVSCHEDULE function in Excel? FVSCHEDULE function is one of the Financial functions in Microsoft Excel that returns the future value of an initial principal after applying a series of compound interest rates. Use FVSCHEDULE to calculate the future value of an investment with a variable or adjustable rate. Syntax of FVSCHEDULE function FVSCHEDULE(principal, schedule) …
What is PV function in Excel? PV function is one of the Financial functions in Microsoft Excel that calculates the present value of a loan or an investment, based on a constant interest rate. You can use PV with either periodic, constant payments (such as a mortgage or other loan), or a future value that’s …
What is TBILLYIELD function in Excel? TBILLYIELD function is one of the Financial functions in Microsoft Excel that returns the yield for a Treasury bill. Syntax of TBILLYIELD function TBILLYIELD(settlement, maturity, pr) Important: Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE(2008,5,23) for the 23rd …
What is YIELDMAT function in Excel? YIELDMAT function is one of the Financial functions in Microsoft Excel that returns the annual yield of a security that pays interest at maturity. Syntax of YIELDMAT function YIELDMAT(settlement, maturity, issue, rate, pr, [basis]) The YIELDMAT function syntax has the following arguments: Settlement: The security’s settlement date. The security settlement date …
What is FV function in Excel? FV function is one of the Financial functions in Microsoft Excel that calculates the future value of an investment based on a constant interest rate. You can use FV with either periodic, constant payments, or a single lump sum payment. Syntax of FV function FV(rate,nper,pmt,[pv],[type]) For a more complete description …
What is PRICEMAT function in Excel? PRICEMAT function is one of Financial functions in Microsoft Excel that returns the price per $100 face value of a security that pays interest at maturity. Syntax of PRICEMAT function PRICEMAT(settlement, maturity, issue, rate, yld, [basis]) Important: Dates should be entered by using the DATE function, or as results of other …
What is TBILLPRICE function in Excel? REPT function is one of Financial functions in Microsoft Excel that returns the price per $100 face value for a Treasury bill. Syntax of TBILLPRICE function TBILLPRICE(settlement, maturity, discount) The TBILLPRICE function syntax has the following arguments: Settlement: The Treasury bill’s settlement date. The security settlement date is the date after …
What is CUMIPMT function in Excel? CUMIPMT function is one of the Financial functions in Microsoft Excel that returns the cumulative interest paid on a loan between start_period and end_period. Syntax of CUMIPMT function CUMIPMT(rate, nper, pv, start_period, end_period, type) The CUMIPMT function syntax has the following arguments: Rate: The interest rate. Nper: The total number …
What is EFFECT function in Excel? EFFECT function is one of the Financial functions in Microsoft Excel that returns the effective annual interest rate, given the nominal annual interest rate and the number of compounding periods per year. Syntax of EFFECT function EFFECT(nominal_rate, npery) The EFFECT function syntax has the following arguments: Nominal_rate: The nominal interest …
What is PRICEDISC function in Excel? PRICEDISC function is one of Financial functions in Microsoft Excel that returns the price per $100 face value of a discounted security. Syntax of PRICEDISC function PRICEDISC(settlement, maturity, discount, redemption, [basis]) Important: Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, …
What is YIELDDISC function in Excel? YIELDDISC function is one of Financial functions in Microsoft Excel that returns the annual yield for a discounted security. Syntax of YIELDDISC function YIELDDISC(settlement, maturity, pr, redemption, [basis]) Important: Dates should be entered by using the DATE function, or as results of other formulas or functions. For example, use DATE(2008,5,23) for …
What is COUPPCD function in Excel? COUPPCD function is one of the Financial functions in Microsoft Excel that returns a number that represents the previous coupon date before the settlement date. Syntax of COUPPCD function COUPPCD(settlement, maturity, frequency, [basis]) The COUPPCD function syntax has the following arguments: Settlement: The security’s settlement date. The security settlement date …
What is DURATION function in Excel? DURATION function is one of the Financial functions in Microsoft Excel that returns the Macauley duration for an assumed par value of $100. Duration is defined as the weighted average of the present value of cash flows, and is used as a measure of a bond price’s response to …