# How To Use RECEIVED() Function in Google Sheets

Description

Calculates the amount received at maturity for an investment in fixed-income securities purchased on a given date.

Common questions about the RECEIVED formula include:
• What is the RECEIVED formula?
• How do I use the RECEIVED formula?

The RECEIVED formula can be used to find the amount of money owed on a loan by subtracting the loan's principle balance from the loan's current balance.

The RECEIVED formula is commonly mistyped as RECEIVE rather than RECEIVED.

Some common ways the RECEIVED formula is used inappropriately include: using the formula to calculate a difference in interest from one month to the next, using incorrect or out-of-date loan balance data when using the formula, or trying to use the formula to calculate the expected pay-off date of a loan.

Common pitfalls when using the RECEIVED formula include: forgetting to add in changes in loan interest rate when recalculating the amount owed, incorrectly entering the loan amount into the formula, or entering a data field other than the loan principle balance.

Common mistakes when using the RECEIVED formula include: entering inaccurate or out-of-date loan balance data when using the formula, accidentally subtracting the wrong numerical values when entering the formula, or forgetting to include changes in interest rate when recalculating the amount owed.

Common misconceptions people might have with the RECEIVED Formula include: thinking that the RECEIVED formula can be used to calculate a difference in interest from one month to the next, thinking that the formula can be used to calculate the expected pay-off date of a loan, or thinking that the formula can be used to calculate a loan's interest rate.

How To Actually Use RECEIVED() in Sheets

RECEIVED(settlement, maturity, investment, discount, [day_count_convention])

Looking for a video tutorial? Members can email me anytime! Check out the blogs below for more info on this formula. Or generate your formula. Find more formulas here at BetterSheets.co/formulas

Generate a RECEIVED() formula for your needs with AI

Google Sheets Formula Generator

Whatever you need to do in sheets, you can generate a formula. Use the Better Sheets Formula generator to create a formula for any need. Completely free for members.

Asa

Looking for more help inside sheets get the free Add-on: Asa. Ask Sheets Anything. Go ahead, ask it any problem you migth have. Bring your own APIKEY and generate formulas inside of Google Sheets.

Better Sheets

Something for everyone to Learn Google Sheets. Includes Google Sheets for Beginners and Advanced Google Sheets Tutorials alike.