RECEIVED
Syntax:
RECEIVED ( settlement , maturity , investment , discount [ , [ basis ] ] )
Description: Computes the amount received at maturity for a fully invested security.
Mathematical Formula:
where:
B = number of days in a year, depending on the year basis.DIM = number of days from issue to maturity.
Arguments:
Name |
Type |
Description |
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settlement |
number |
The security's settlement date. |
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maturity |
number |
The security's maturity date. |
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investment |
number |
The amount invested in the security. |
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discount |
number |
The security's discount rate. |
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basis |
number |
The truncated integer type of day count basis to use, as follows:
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Time information in the date arguments is ignored.
Return Type and Value: number – The amount received at maturity for a fully invested security.
However, if
settlement or maturity is out of range for the current date base value,
#NUM!is returned.settlement ≥ maturity,
#NUM!is returned.investment or discount ≤ 0,
#NUM!is returned.basis < 0 or basis > 4,
#NUM!is returned.