RECEIVED |
RECEIVED(settlement, maturity, investment, discount [,basis]) |
Returns the amount received at the end when a security is held to maturity. |
settlement | The settlement date of the security. |
maturity | The maturity date of the security. |
investment | The amount invested in the security. |
discount | The discount rate. |
basis | (Optional) The type of day counting to use: 0 = 30/360 (default) 1 = Actual/Actual 2 = Actual/360 3 = Actual/365 4 = 30E/360 |
REMARKS |
* The settlement date is the date a buyer purchases a coupon, such as a bond. * The maturity date is the date when the security expires. * When a maturity is held to maturity it is often referred to as being "fully invested". * Dates must be entered as text strings within quotation marks or as serial numbers. * If "settlement" is not an integer, it is truncated. * If "settlement" is not a valid date, then #NUM! is returned. * If "settlement" >= "maturity", then #NUM! is returned. * If "maturity" is not an integer, it is truncated. * If "maturity" is not a valid date, then #NUM! is returned. * If "investment" <= 0, then #NUM! is returned. * If "discount" <= 0, then #NUM! is returned. * If "basis" is left blank, then 0 is used. * If "basis" is not an integer, it is truncated. * If "basis" < 0, then #NUM! is returned. * If "basis" > 4, then #NUM! is returned. * This function is closely related to the INTRATE function. * For the Microsoft documentation refer to support.microsoft.com * For the Google documentation refer to support.google.com |
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1 - What would the amount be that you receive at maturity if you made an investment of $1,000 with a settlement date of 31 Mar 2011, a maturity date of 30 Sept 2001 and an interest rate of XX (from intrate function). Assuming a day count of 30/360. |
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