Skip to content
Free Excel Tutorials
  • Home
  • Excel For Beginners
  • Excel Intermediate
  • Advanced Excel For Experts

Data Analysis

  • How to sum a total in multiple Excel tables
  • How to Create One and Two Variable Data Tables in Excel
  • Conditional Formatting Color Scales Examples in Excel
  • How to Use Solver Tool in Excel
  • How to Sort by Color in Excel

References

  • How to get last row in numeric data in Excel
  • How to use Excel MATCH Function
  • How to get address of first cell in range in Excel
  • Convert text string to valid reference in Excel using Indirect function
  • Perform case-sensitive Lookup in Excel

Data Validations

  • Prevent invalid data entering in specific cells
  • Excel Data validation don’t exceed total
  • Excel Data validation specific characters only
  • How To Create Drop-down List in Excel
  • Excel Data validation must contain specific text

ACCRINT function: Description, Usage, Syntax, Examples and Explanation

by

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 security’s first interest date.
  • Settlement: The security’s settlement date. The security settlement date is the date after the issue date when the security is traded to the buyer.
  • Rate:The security’s annual coupon rate.
  • Par: The security’s par value. If you omit par, ACCRINT uses $1,000.
  • Frequency: The number of coupon payments per year. For annual payments, frequency = 1; for semiannual, frequency = 2; for quarterly, frequency = 4.
  • Basis(Optional): The type of day count basis to use.

Note: Problems can occur if dates are entered as text. Therefore, all dates should be entered by using the DATE function, or formatted as date under format cell to avoid errors.

Basis Day count basis
0 or omitted US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360
  • Calc_method    Optional. A logical value that specifies the way to calculate the total accrued interest when the date of settlement is later than the date of first_interest. A value of TRUE (1) returns the total accrued interest from issue to settlement. A value of FALSE (0) returns the accrued interest from first_interest to settlement. If you do not enter the argument, it defaults to TRUE.

ACCRINT formula explanation

  • Microsoft Excel stores dates as sequential serial numbers so they can be used in calculations. By default, January 1, 1900 is serial number 1, and January 1, 2008 is serial number 39448 because it is 39,448 days after January 1, 1900.
  • Issue, first_interest, settlement, frequency, and basis are truncated to integers.
  • If issue, first_interest, or settlement is not a valid date, ACCRINT returns the #VALUE! error value.
  • If rate ≤ 0 or if par ≤ 0, ACCRINT returns the #NUM! error value.
  • If frequency is any number other than 1, 2, or 4, ACCRINT returns the #NUM! error value.
  • If basis < 0 or if basis > 4, ACCRINT returns the #NUM! error value.
  • If issue ≥ settlement, ACCRINT returns the #NUM! error value.
  • ACCRINT is calculated as follows:Equationwhere:
    • Ai = number of accrued days for the ith quasi-coupon period within odd period.
    • NC = number of quasi-coupon periods that fit in odd period. If this number contains a fraction, raise it to the next whole number.
    • NLi = normal length in days of the quasi-coupon period within odd period.

Example of ACCRINT function

Steps to follow:

1. Open a new Excel worksheet.

2. Copy data in the following table below and paste it in cell A1

Note: For formulas to show results, select them, press F2 key on your keyboard and then press Enter.

You can adjust the column widths to see all the data, if need be.

Data Description
39508 Issue date
39691 First interest date
39569 Settlement date
0.1 Coupon rate
1000 Par value
2 Frequency is semiannual (see above)
0 30/360 basis (see above)
Formula Description Result
=ACCRINT(A2,A3,A4,A5,A6,A7,A8) Accrued interest for a treasury bond with the terms above. 16.666667
=ACCRINT(DATE(2008,3,5),A3,A4,A5,A6,A7,A8,FALSE) Accrued interest with the terms above, except the issue date is March 5, 2008. 15.555556
=ACCRINT(DATE(2008, 4, 5), A3, A4, A5, A6, A7, A8, TRUE) Accrued interest with the terms above, except the issue date is April 5, 2008, and the accrued interest is calculated from the first_interest to settlement. 7.2222222

Post navigation

Previous Post:

MODE.MULT function: Description, Usage, Syntax, Examples and Explanation

Next Post:

231 Keyboard Shortcut Keys In Excel

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Learn Basic Excel

Ribbon
Workbook
Worksheets
Format Cells
Find & Select
Sort & Filter
Templates
Print
Share
Protect
Keyboard Shortcuts

Categories

  • Charts
  • Data Analysis
  • Data Validation
  • Excel Functions
    • Cube Functions
    • Database Functions
    • Date and Time Functions
    • Engineering Functions
    • Financial Functions
    • Information Functions
    • Logical Functions
    • Lookup and Reference Functions
    • Math and Trig Functions
    • Statistical Functions
    • Text Functions
    • Web Functions
  • Excel VBA
  • Excel Video Tutorials
  • Formatting
  • Grouping
  • Others

Logical Functions

  • IFS function: Description, Usage, Syntax, Examples and Explanation
  • How to use Excel XOR Function
  • SWITCH function: Description, Usage, Syntax, Examples and Explanation
  • IF with boolean logic in Excel
  • Complete List of Excel Logical Functions, References and Examples

Date Time

  • Pad week numbers with zeros in Excel
  • List holidays between two dates in Excel
  • Series of dates by day
  • Convert decimal seconds to Excel time
  • MONTH function: Description, Usage, Syntax, Examples and Explanation

Grouping

  • If cell contains one of many things in Excel
  • Categorize text with keywords in Excel
  • Group times into 3 hour buckets in Excel
  • Map inputs to arbitrary values in Excel
  • Group numbers at uneven intervals in Excel

General

  • List sheet names with formula in Excel
  • Advanced Number Formats in Excel
  • How to generate random times at specific intervals in Excel
  • Index and match on multiple columns in Excel
  • Convert column letter to number in Excel
© 2025 xlsoffice . All Right Reserved. | Teal Smiles | Abbreviations And Their Meaning