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# ACCRINTM

## Name

ACCRINTM --

## Synopsis

    ACCRINTM(issue,maturity,rate[,par,basis])

## Description

ACCRINTM calculates and returns the accrued interest for a security from @issue to @maturity date. @issue is the issue date of the security. @maturity is the maturity date of the security. @rate is the annual rate of the security and @par is the par value of the security. If you omit @par, ACCRINTM applies $1,000 instead. @basis is the type of day counting system you want to use:

0 US 30/360

1 actual days/actual days

2 actual days/360

3 actual days/365

4 European 30/360

If @issue date or @maturity date is not valid, ACCRINTM returns #NUM! error. If @rate <= 0 or @par <= 0, ACCRINTM returns #NUM! error. If @basis is omitted, US 30/360 is applied. If @basis < 0 or @basis > 4, ACCRINTM returns #NUM! error. If @issue date is after @maturity date or they are the same, ACCRINTM returns #NUM! error.

## Examples

## See also

ACCRINT.

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