Complete List of Excel Financial Functions References and Examples

The Excel Financial Functions perform many of the common financial calculations, such as the calculation of yield, interest rates, duration, valuation and depreciation.

Here’s a full list of Built-In Financial Functions in Excel and their Descriptions below:

Click each of the function link to see detailed example.

Single Cash Flow Functions

FVSCHEDULE Calculates the future value of an initial principal, after applying a series of compound interest rates
PDURATION Calculates the number of periods required for an investment to reach a specified value (New in Excel 2013)
RRI Calculates the interest rate required for an investment to grow to a specified future value (New in Excel 2013)

Interest Rate Conversion Functions

EFFECT Calculates the effective annual interest rate from a supplied Nominal interest rate and number of periods
NOMINAL Calculates the annual nominal interest rate from a supplied Effective interest rate and number of periods

Security Functions

ACCRINT Calculates the accrued interest for a security that pays periodic interest
ACCRINTM Calculates the accrued interest for a security that pays interest at maturity
DISC Calculates the discount rate for a security
DURATION Calculates the Macauley duration of a security with an assumed par value of $100
INTRATE Calculates the interest rate for a fully invested security
MDURATION Calculates the Macauley modified duration for a security with an assumed par value of $100
ODDFPRICE Calculates the price per $100 face value of a security with an odd first period
ODDFYIELD Calculates the yield of a security with an odd first period
ODDLPRICE Calculates the price per $100 face value of a security with an odd last period
ODDLYIELD Calculates the yield of a security with an odd last period
PRICE Calculates the price per $100 face value of a security that pays periodic interest
PRICEDISC Calculates the price per $100 face value of a discounted security
PRICEMAT Calculates the price per $100 face value of a security that pays interest at maturity
RECEIVED Calculates the amount received at maturity for a fully invested Security
YIELD Calculates the yield of a security that pays periodic interest
YIELDDISC Calculates the annual yield of a discounted security
YIELDMAT Calculates the annual yield of a security that pays interest at maturity

Coupon Date Functions

COUPDAYBS Calculates the number of days from the beginning of the coupon period to the settlement date
COUPDAYS Calculates the number of days in the coupon period that contains the settlement date
COUPDAYSNC Calculates the number of days from the settlement date to the next coupon date
COUPNCD Returns the next coupon date after the settlement date
COUPNUM Returns the number of coupons payable between the settlement date and maturity date
COUPPCD Returns the previous coupon date, before the settlement date

Treasury Bill Functions

TBILLEQ Calculates the bond-equivalent yield for a treasury bill
TBILLPRICE Calculates the price per $100 face value for a treasury bill
TBILLYIELD Calculates the yield for a treasury bill

Functions for a Series of Periodic Constant Cash Flows

CUMIPMT Calculates the cumulative interest paid between two specified periods
CUMPRINC Calculates the cumulative principal paid on a loan, between two specified periods
FV Calculates the future value of an investment with periodic constant payments and a constant interest rate
IPMT Calculates the interest payment for a given period of an investment, with periodic constant payments and a constant interest rate
ISPMT Returns the interest paid during a specified period of an investment
NPER Returns the number of periods for an investment with periodic constant payments and a constant interest rate
PMT Calculates the payments required to reduce a loan, from a supplied present value to a specified future value
PPMT Calculates the payment on the principal for a given investment, with periodic constant payments and a constant interest rate
PV Calculates the present value of an investment (i.e. the total amount that a series of future periodic constant payments is worth now)
RATE Calculates the interest rate required to pay off a specified amount of a loan, or reach a target amount on an investment over a given period

Functions for a Series of Periodic Variable Cash Flows

IRR Calculates the internal rate of return for a series of periodic cash flows
MIRR Calculates the internal rate of return for a series of periodic cash flows, considering the cost of the investment and the interest on the reinvestment of cash
NPV Calculates the net present value of an investment, based on a supplied discount rate, and a series of periodic cash flows

Functions for a Series of Non-Periodic Variable Cash Flows

XIRR Calculates the internal rate of return for a schedule of cash flows occurring at a series of supplied dates
XNPV Calculates the net present value for a schedule of cash flows occurring at a series of supplied dates

Depreciation and Amortization Functions

AMORDEGRC Calculates the prorated linear depreciation of an asset for each accounting period (with depreciation coefficient applied, depending on the life of the asset)
AMORLINC Calculates the prorated linear depreciation of an asset for each accounting period
DB Calculates the depreciation of an asset for a specified period, using the fixed-declining balance method
DDB Calculates the depreciation of an asset for a specified period, using the double-declining balance method, or some other user-specified method
SLN Returns the straight-line depreciation of an asset for one period
SYD Returns the sum-of-years’ digits depreciation of an asset for a specified period
VDB Returns the depreciation of an asset for a specified period, (including partial periods), using the double-declining balance method or another user-specified method

Dollar Conversion Functions

DOLLARDE Converts a dollar price expressed as a fraction, into a dollar price expressed as a decimal
DOLLARFR Converts a dollar price expressed as a decimal, into a dollar price expressed as a fraction

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