 # How To Use ACCRINTM()

Description

Calculates the accrued interest of a security that pays interest at maturity.

The ACCRINTM formula in Google Sheets calculates the accrued interest of a security that pays periodic interest. Here are some common questions and issues related to this formula:

What does the ACCRINTM formula do?
The ACCRINTM formula figures out the accrued interest of a security that pays periodic interest.

How can the ACCRINTM formula be used appropriately?
To use the ACCRINTM formula appropriately, you should provide the correct arguments in the formula. These arguments include the issue date, settlement date, annual coupon rate, and par value of the security.

How can the ACCRINTM formula be commonly mistyped?
The ACCRINTM formula can be mistyped as ACRINTM, or ACRITM, or ACCRRINTM, or CRINTM, or CRRINTM.

What are some common ways the ACCRINTM formula is used inappropriately?
Some common ways the ACCRINTM formula is used inappropriately include using it for securities that don't pay periodic interest or using incorrect arguments in the formula.

What are some common pitfalls when using the ACCRINTM formula?
One common pitfall when using the ACCRINTM formula is providing the wrong dates or rate, which can result in incorrect accrued interest calculations.

What are common mistakes when using the ACCRINTM Formula?
Common mistakes when using the ACCRINTM formula include not accounting for leap years, using the wrong day count convention, or providing incorrect values for the arguments.

What are common misconceptions people might have with the ACCRINTM Formula?
One common misconception about the ACCRINTM formula is that it calculates the total return of a security, which is not true. The formula only calculates the accrued interest, not the capital gains or losses of the security.

The ACCRINTM formula is only as good as your data is good. If your data is bad then the calculation made will be bad, or incorrect. Messy data creates messy sheets.

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How To Actually Use ACCRINTM() in Sheets

`ACCRINTM(issue, maturity, rate, [redemption], [day_count_convention])`

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