RECEIVED Function
The RECEIVED function is one of the financial functions. It is used to calculate the amount received at maturity for a fully invested security.
Syntax
RECEIVED(settlement, maturity, investment, discount, [basis])
The RECEIVED 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. |
| discount | The security discount rate. |
| 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 |
Notes
Dates must be entered by using the DATE function.
How to apply the RECEIVED function.
Examples
The figure below displays the result returned by the RECEIVED function.
