Financial Functions
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This document describes financial functions supported by a non-visual spreadsheet component.
| Name | Description | Syntax |
|---|---|---|
| ACCRINTM | Returns the accrued interest for a security that pays interest at maturity. | ACCRINTM(issue, settlement, rate, par, [basis]) |
| COUPDAYBS | Returns the number of days from the beginning of the coupon period to the settlement date. | COUPDAYBS(settlement, maturity, frequency, [basis]) |
| COUPNCD | Returns the next coupon date after the settlement date. | COUPNCD(settlement, maturity, frequency, [basis]) |
| COUPNUM | Returns the number of coupons payable between the settlement date and maturity date. | COUPNUM(settlement, maturity, frequency, [basis]) |
| COUPPCD | Returns the previous coupon date before the settlement date. | COUPPCD(settlement, maturity, frequency, [basis]) |
| CUMIPMT | Calculates the cumulative interest paid between two specified periods. | CUMIPMT(rate, nper, pv, start_period, end_period, type) |
| CUMPRINC | Calculates the cumulative principal paid on a loan, between two specified periods. | CUMPRINC(rate, nper, pv, start_period, end_period, type) |
| DB | Returns the depreciation of an asset for a specified period by using the fixed-declining balance method. | DB(cost, salvage, life, period, [month]) |
| DDB | Returns the depreciation of an asset for a specified period by using the double-declining balance method or some other method that you specify. | DDB(cost, salvage, life, period, [factor]) |
| DISC | Returns the discount rate for a security. | DISC(settlement, maturity, pr, redemption, [basis]) |
| DOLLARDE | Converts a dollar price, expressed as a fraction, into a dollar price, expressed as a decimal number. | DOLLARDE(fractional_dollar, fraction) |
| DOLLARFR | Converts a dollar price, expressed as a decimal number, into a dollar price, expressed as a fraction. | DOLLARFR(decimal_dollar, fraction) |
| FVSCHEDULE | Returns the future value of an initial principal after applying a series of compound interest rates. | FVSCHEDULE(principal, schedule) |
| EFFECT | Returns the effective annual interest rate. | EFFECT(nominal_rate, npery) |
| FV | Calculates the future value of an investment with periodic constant payments and a constant interest rate. | FV(rate,nper,pmt,[pv],[type]) |
| INTRATE | Returns the interest rate for a fully invested security. | INTRATE(settlement, maturity, investment, redemption, [basis]) |
| IPMT | Calculates the interest payment for a given period of an investment, with periodic constant payments and a constant interest rate. | IPMT(rate, per, nper, pv, [fv], [type]) |
| IRR | Calculates the internal rate of return for a series of cash flows. | IRR(values, [guess]) |
| ISPMT | Calculates the interest paid during a specific period of an investment. | ISPMT(rate, per, nper, pv) |
| 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. | MIRR(values, finance_rate, reinvest_rate) |
| NOMINAL | Returns the annual nominal interest rate. | NOMINAL(effect_rate, npery) |
| NPER | Returns the number of periods for an investment with periodic constant payments and a constant interest rate. | NPER(rate,pmt,pv,[fv],[type]) |
| NPV | Calculates the net present value of an investment, based on a supplied discount rate, and a series of future payments and income. | NPV(rate,value1,[value2],…) |
| PDURATION | Returns the number of periods required by an investment to reach a specified value. | PDURATION(rate, pv, fv) |
| PMT | Calculates the payments required to reduce a loan, from a supplied present value to a specified future value. | PMT(rate, nper, pv, [fv], [type]) |
| PPMT | Calculates the payment on the principal for a given investment, with periodic constant payments and a constant interest rate. | PPMT(rate, per, nper, pv, [fv], [type]) |
| PRICEDISC | Returns the price per $100 face value of a discounted security. | PRICEDISC(settlement, maturity, discount, redemption, [basis]) |
| PV | Calculates the present value of an investment (i.e., the total amount that a series of future payments is worth now). | PV(rate, nper, pmt, [fv], [type]) |
| 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. | RATE(nper, pmt, pv, [fv], [type], [guess]) |
| RECEIVED | Returns the amount received at maturity for a fully invested security. | RECEIVED(settlement, maturity, investment, discount, [basis]) |
| RRI | Returns an equivalent interest rate for the growth of an investment. | RRI(nper, pv, fv) |
| SLN | Returns the straight-line depreciation of an asset for one period. | SLN(cost, salvage, life) |
| SYD | Returns the sum-of-years’ digits depreciation of an asset for a specified period. | SYD(cost, salvage, life, per) |
| TBILLEQ | Returns the bond-equivalent yield for a Treasury bill. | TBILLEQ(settlement, maturity, discount) |
| TBILLPRICE | Returns the price per $100 face value for a Treasury bill. | TBILLPRICE(settlement, maturity, discount) |
| TBILLYIELD | Returns the yield for a Treasury bill. | TBILLYIELD(settlement, maturity, pr) |
| VDB | Returns the depreciation of an asset for a specified or partial period by using a declining balance method | VDB(cost, salvage, life, start_period, end_period, [factor], [no_switch]). |
| YIELDDISC | YIELDDISC(settlement, maturity, pr, redemption, [basis]) | Returns the annual yield for a discounted security; for example, a Treasury bill. |
| XNPV | Returns the net present value for a schedule of cash flows that is not necessarily periodic. | XNPV(rate, values, dates) |
| XIRR | Returns the internal rate of return for a schedule of cash flows that is not necessarily periodic. | XIRR(values, dates, [guess]) |