RECEIVED

Calculates the amount received at maturity that is paid for a fixed-interest security for a given time.

Syntax

RECEIVED(settlement; maturity; purchase_value; discount_rate; [basis])

settlement: Date of purchase of the security. Eg., "2/1/2018"

maturity: Date on which the security matures. Eg., "4/12/2018"

purchase_value: Value of the bond at purchase. Eg., 10000

discount_rate: The discount rate of the bond. Eg., 0.34

basis: Indicates the day count method to use. Defaults to 0 if omitted.
0 - US method (NASD), 12 months of 30 days each
1 - Exact number of days in months, exact number of days in year
2 - Exact number of days in month; year has 360 days
3 - Exact number of days in month; year has 365 days

4 - European method, 12 months of 30 days each

Examples

Formula	Result
=RECEIVED(A2;B2;C2;D2;E2)	10697.538100821
=RECEIVED(A3;B3;C3;D3;E3)	26417.287472922
=RECEIVED(A4;B4;C4;D4;E4)	155402.838691853

Get a hands-on experience of the function in the embedded range below.

Possible Errors

Errors	Meaning
#N/A!	The function could not find the value it was asked to look for. Commonly occurs in VLOOKUP and similar functions.
#NAME!	The function name is incorrect or invalid. The given defined name (if any) is invalid. There is a typo in the defined name used in the function. Double quotes are missing for text values in the function. Colon missing in a cell range reference.
#VALUE!	The given argument's data type is incorrect or invalid. For example, the function =DATE(A1:A3) will return a #VALUE error when a text value is present in the range.
#REF!	The given cell reference is incorrect or invalid. This error could occur when a cell/range has been deleted, moved or pasted over.
#NUM!	The value of purchase_value or discount_rate is less than 0. The value of frequency is a number other than 1, 2, and 4. The value of basis is not between 0 and 4. The settlement date is after the maturity date.

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