Formulas > =TBILLPRICE()

# How To Use TBILLPRICE() Function in Google Sheets

Description

Calculates the price of a US Treasury Bill based on discount rate.

Common Questions About the TBILLPRICE Formula:
1. What is a TBILLPRICE formula?
2. How is the TBILLPRICE formula used?
3. How does the TBILLPRICE formula calculate T-bill prices?

How can the TBILLPRICE Formula be Used Appropriately:
1. To calculate the price of a T-bill
2. To calculate the liquidity or marketability of a T-bill
3. To compare different T-bill investments

How Can the TBILLPRICE Formula be Commonly Mistyped:
1. TBILLPRICV - This would be incorrect because it would be missing the ‘e’.
2. TB1LLPRICE - This would be incorrect because it would be missing the ‘i’.
3. TBILLPREICE - This would be incorrect because it would be missing the ‘l’.
4. TBLLPRICE -  This would be incorrect because it would be missing the ‘i’.
5. TBILLPRCE - This would be incorrect because it would be missing the ‘i’.

What are Some Common Ways the TBILLPRICE Formula is Used Inappropriately:
1. Inaccurately entering parameters in the formula - To ensure accuracy, users should make sure that all the parameters in the formula are entered correctly
2. Using the formula to calculate prices for other investments - T-bill prices can only be calculated using the TBILLPRICE formula; it cannot be used to calculate prices for other investments.

What are Some Common Pitfalls When using the TBILLPRICE Formula:
1. Not accurately entering the parameters in the formula
2. Trying to use the formula to calculate prices for other investments
3. Not understanding how the formula works and making calculations with incorrect parameters

What are Common Mistakes When Using the TBILLPRICE Formula:
1. Not understanding the parameters of the formula
2. Not being familiar with the interest rates of T-bills
3. Not understanding how the formula calculates the prices of T-bills

What are Common Misconceptions People Might Have With the TBILLPRICE Formula:
1. That the formula can calculate prices for other investments or assets
2. That the formula is difficult to use
3. That the formula is only used for T-bills and not other types of investments.

How To Actually Use TBILLPRICE() in Sheets

`TBILLPRICE(settlement, maturity, discount)`

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

TBILLPRICE function in Excel

The TBILLPRICE function in Microsoft® Excel is used to calculate the price, per \$100 face value, of a Treasury Bill. If you wish to use the TBILLPRICE function in Microsoft® Excel then follow the easy steps shown in this video.

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