intrate - Interest Rate INTRATE The simple interest rate...

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Interest Rate – INTRATE The simple interest rate can be calculated using Excel’s INTRATE function. See the table below for a detailed list of the exercises and problems in the text that can be solved using this function. This function is included in the Analysis ToolPak. Syntax =INTRATE(settlement,maturity,investment,redemption,basis) Issue – issue date of the security Settlement – the date after the issue date when the security is traded to the buyer Maturity – maturity date of the security Investment – amount of investment in the security Redemption – value of the security at redemption Basis – day count basis of the security. Defaults to 0 if omitted. 0 = 30/360 (US NASD) 1 = actual/actual 2 = actual/360 3 = actual/365 4 = European 30/365 General Example The following general example shows how the INTRATE function can be used. Notice that the INTRATE function appears in the formula bar. 1
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Using the INTRATE Function in a Spreadsheet To calculate the simple interest rate on an investment, create a spreadsheet by following Steps 1 to 7. Or, to use the INTRATE function right away, open the INTRATE worksheet in the Excel Functions Templates workbook. All fields have been formatted for you (currency, percentage, number of decimals displayed). Step 1
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intrate - Interest Rate INTRATE The simple interest rate...

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