# Excel ACCRINTM Function: Syntax, Examples & Tips - URL: https://betteranalyst.com/excel/accrintm-function - Author: Better Analyst Formula Bot is now Better Analyst—same account, more powerful analysis.Formula Bot is now Better Analyst—same account and workflows, with more powerful analysis, dashboards, and automation. [Learn what changed](https://betteranalyst.com/formula-bot-is-now-better-analyst) The ACCRINTM function calculates accrued interest for bonds from issue date to maturity, providing a quick interest assessment. ```excel =ACCRINTM(issue, first_interest, settlement, maturity, rate, par, frequency, [basis]) ``` Generate FormulaExplain Formula One free generation or explanation per browser, shared across Excel and Google Sheets. Account usage limits apply afterward. Describe the ACCRINTM you need in plain EnglishGenerate Formula Need more than a single ACCRINTM formula? Try our free [AI for Excel](https://betteranalyst.com/excel-ai) — it reads your entire spreadsheet, answers questions in plain English, and builds charts and analysis in the same chat. ## Parameters **`issue`**:\ The date when the security is issued. **`first_interest`**:\ The date of the first interest payment. **`settlement`**:\ The date when the security is purchased. **`maturity`**:\ The date when the security matures. **`rate`**:\ The annual interest rate of the security. **`par`**:\ The par value of the security. **`frequency`**:\ The number of interest payments per year (1 for annual, 2 for semiannual, 4 for quarterly). **`[basis]`**:\ The type of day count basis to use (optional). ## What is an ACCRINTM Formula in Excel? The *ACCRINTM* function in Excel is a financial tool that calculates the accrued interest for a security that pays interest at maturity. This function is particularly useful for bond investors, as it helps determine the interest earned on a bond from the last interest payment date to the maturity date. In simpler terms, the ACCRINTM function helps you figure out how much interest you have earned on a bond that will be paid out at maturity, making it easier to assess the value of your investment. ## A Practical Example Imagine you are managing a portfolio of bonds, and you have the following data in an Excel spreadsheet: ### Bond Data Table: | Bond Name | Face Value | Annual Coupon Rate | Issue Date | Maturity Date | Last Interest Payment Date | | - | - | - | - | - | - | | Bond A | 1000 | 5% | 01/01/2020 | 01/01/2025 | 01/01/2023 | | Bond B | 2000 | 4% | 01/01/2021 | 01/01/2026 | 01/01/2023 | You want to find the accrued interest for Bond A from the last interest payment date to the maturity date. ## ACCRINTM Formula To calculate the accrued interest for Bond A, you would use the ACCRINTM formula as follows: ```excel =ACCRINTM(D2, E2, C2, A2, F2) ``` ### Breakdown of the Formula: - **D2**: This is the issue date of the bond (01/01/2020). - **E2**: This is the maturity date of the bond (01/01/2025). - **C2**: This is the annual coupon rate (5%). - **A2**: This is the face value of the bond (1000). - **F2**: This is the last interest payment date (01/01/2023). ## Result of the Formula When you apply the formula, it calculates the accrued interest for Bond A from the last interest payment date to the maturity date. The output would be: | Accrued Interest for Bond A | | - | | 100 | Here, the accrued interest is calculated based on the time elapsed since the last interest payment date until maturity. ## Why Use ACCRINTM? The ACCRINTM function is particularly useful for bond investors who need to determine the interest earned on their investments. It allows you to accurately assess the value of your bonds and make informed investment decisions. ## Key Takeaways: - **ACCRINTM**: Calculates accrued interest for a security that pays interest at maturity. - **Investment Assessment**: Helps bond investors evaluate the interest earned on their bonds. - **Common Use Cases**: Ideal for bond portfolio management and financial analysis. Understanding how to use the ACCRINTM function can significantly enhance your financial analysis capabilities in Excel, enabling you to make informed decisions regarding your bond investments. Happy calculating! ## Example use case You have a table where Column A contains the issue date of bonds, Column B contains the maturity date, Column C contains the face value of the bonds, Column D contains the annual interest rate, and Column E contains the number of days in the period. You can use the ACCRINTM function to calculate the accrued interest for a bond that pays interest at maturity. This helps in understanding the financial position of the bond investment and assists in making informed decisions regarding bond trading and investment strategies without the need for complex calculations. **Beyond the ACCRINTM function:** Better Analyst is a full [Excel AI](https://betteranalyst.com/excel-ai) that goes well past individual formulas. Upload any spreadsheet and ask questions in plain English — you'll get formulas, data analysis, and charts back in seconds. 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[Create Free Account](https://betteranalyst.com/signup)[Try Formula Generator](https://betteranalyst.com/excel-ai) ## Excel how-to guides - [Excel Conditional Formatting](https://betteranalyst.com/excel/excel-conditional-formatting) - [How To Add A Column In Excel](https://betteranalyst.com/excel/how-to-add-a-column-in-excel) - [How To Alphabetize In Excel](https://betteranalyst.com/excel/how-to-alphabetize-in-excel) - [How To Autofit In Excel](https://betteranalyst.com/excel/how-to-autofit-in-excel) - [How To Calculate Percentage In Excel](https://betteranalyst.com/excel/how-to-calculate-percentage-in-excel) - [How To Combine Two Columns In Excel](https://betteranalyst.com/excel/how-to-combine-two-columns-in-excel) - [How To Copy Formula In Excel](https://betteranalyst.com/excel/how-to-copy-formula-in-excel) - [How To Count Unique Values In Excel](https://betteranalyst.com/excel/how-to-count-unique-values-in-excel) ## Explore all Excel formulas Browse our complete library of Excel formula guides Compare your options ## Decide with evidence, not a sales pitch. 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