It calculates the amount received at maturity for a fully invested security.
The syntax of the function is the following:
RECEIVED(settlement, maturity, investment, discount, [basis])
settlement: The settlement date of the security.
maturity: The maturity date of the security.
investment: The amount invested in the security
discount: The discount rate of the security.
[basis]: Optional. The type of day count basis (default is 0).
If the dates entered are not valid dates the function returns a #VALUE! error.
If investment or discount are less than or equal to zero the #NUM! error is returned.
If basis is not inside the valid values (between 0 and 4) the #NUM! error is returned.
If the settlement date is after the maturity date the #NUM! error is returned
Click on the button to practice using this function, with the help of our Online Assessment Tool:
Here is an example of how to use the RECEIVED function:
Use the proper function in the cell C2, to calculate the amount received at maturity for a fully invested security. All the information you need is displayed in the current worksheet.