How to use the Financial Functions ACCRINT, ACCRINTM
Excel provides us with 2 functions for calculating accrued interest. ACCRINT, ACCRINTM.
But what exactly is accrued interest?
Excel provides us with 2 functions for calculating accrued interest. ACCRINT, ACCRINTM.
But what exactly is accrued interest?
It calculates the accrued interest for a security that pays interest at maturity.