What is ACCRINT Function in Excel
The ACCRINT function is the function of Microsoft Excel. It returns the collected interest for the security that pays interest on a periodical basis.
The function is categorized as Financial function in Excel.
The Syntax of ACCRINT Function in Excel
The syntax given below contains the various parameters to pass. you have to enter only the required parameters to the function.
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ACCRINT(issue_dt, first_interest_dt, settlement_dt, interest_rate, par_value, frequency, [basis], [calcu_method]) 
There are 8 parameters in the Excel ACCRINT function.
Parameters or Arguments Passing to the Function
The description of the above parameters is given below. Check each parameter and enter only the valid value of these parameters.
Parameter Name  Description  

issue_dt  The date when the security gets issued.  
first_interest_dt  The date when the first interest of security will be paid.  
settlement_dt  It is the settlement date which comes after the issue date.  
interest_rate  The interest rate is the annual coupon rate for the given security.  
par_value  It is the par value of the given security. If you remove the par value, it assumes $1000 as the default value of par value.  
frequency  It is the frequency of interest payment per year for the security. The frequency can be any value from payment like Annual(1), Semiannaul(2), Quarterly(4).  
[basis]  The basis is the optional parameter of the function. It is the type of day count basis which is zero(0) by default. However, if it has a certain value then it can be any value from the below given.


[calcu_method]  It is an optional parameter. The parameter value is TRUE by default. However, it has a certain value from the given below value options.

Example To Get the Accrued Interest for the Security
To get the accrues interest for the security, you have to follow the example given below.
The date format for the parameter should be taken from the cell of an excel sheet. You can use the above example by entering the parameter values in the cell. After that, you have to put the cell name with the parameters.
One more thing, you have to notice here that you cannot put the above data formats directly to the function. Read further to get the valid formats to put directly.
Put parameter values directly to the function
To put values to the function directly, you have to use the belowgiven example. The dates cannot be put directly to the function. You have to use the DATE()
to put the dates and get the output.
Also, you have to use the percentage(%) sign for the rate. Without the sign, you will get the output multiplied by 100.
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=ACCRINT(DATE(2017,8,5),DATE(2017,11,10),DATE(2017,10,10), 5%, 2000, 4, 0, 1) 
Output
In the above example, you can also use 0.05 for the rate in place of 5%. The output given above gives accrued interest for the security,
Hope, you like this post of how to use ACCRINT function to return accrued interest. If you have any query regarding the tutorial, please comment below.
Also tell me, what other uses you are performing with the function.
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