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#Financial

RECEIVED

Excel Functions

Get amount received at maturity

Syntax

EXCEL 
=RECEIVED(settlement, maturity, investment, discount, [basis])

Arguments

Parameter Description
settlement Settlement date of the security.
maturity Maturity date of the security.
investment Amount investment in the security.
discount The security's discount rate.
basis [optional] Day count basis (see below, default =0).

Return Value

Amount received

Details

The RECEIVED function returns the amount received at maturity for a fully invested security. A fully invested security does not pay periodic interest before maturity. The interest income is the difference between the redemption value of the security and the original investment. In the example shown, we want to find the amount received at maturity for a bond with an initial investment of $1000 and a discount rate of 4.25%. The settlement date is 6-Jul-2017 and the maturity date is 15-Jan-2020. There are no periodic interest payments, and the day count basis is US (NASD) 30/360. The formula in F5 is: With these inputs, the RECEIVED function returns $1,120.21 , with currency number format applied. In Excel, dates are serial numbers. Generally, the best way to enter valid dates is to use cell

Examples

Example

In the example shown, we want to find the amount received at maturity for a bond with an initial investment of $1000 and a discount rate of 4.25%. The

EXCEL 
=RECEIVED(C7,C8,C5,C9,C10)
Entering dates

In Excel, dates are serial numbers. Generally, the best way to enter valid dates is to use cell references, as shown in the example. To enter valid da

EXCEL 
=RECEIVED(DATE(2017,7,6),DATE(2020,1,15),1000,0.0425,0)

See Also

INTRATE DISC