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INTRATE Function

The INTRATE function is one of the financial functions. It is used to calculate the interest rate for a fully invested security that pays interest only at maturity.


INTRATE(settlement, maturity, investment, redemption, [basis])

The INTRATE function has the following arguments:

Argument Description
settlement The date when the security is purchased.
maturity The date when the security expires.
investment The amount paid for the security.
redemption The amount received for the security at maturity.
basis The day count basis to use, a numeric value greater than or equal to 0, but less than or equal to 4. It is an optional argument. The possible values are listed in the table below.

The basis argument can be one of the following:

Numeric value Count basis
0 US (NASD) 30/360
1 Actual/actual
2 Actual/360
3 Actual/365
4 European 30/360


Dates must be entered by using the DATE function.

How to apply the INTRATE function.


The figure below displays the result returned by the INTRATE function.

INTRATE Function

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