# ACCRINTM

## Content

This function calculates the accrued interest at maturity for a security that pays periodic interest.

## Syntax

`ACCRINTM(issue, maturity, rate, par, basis)`

## Arguments

This function has these arguments:

| Argument | Description |
| -------- | ----------- |
| *issue* | Date that the security is issued |
| *maturity* | Maturity date for security |
| *rate* | Annual interest rate for the security |
| *par* | [Optional] Par value for the security; if omitted, the calculation uses a value of $1,000 |
| *basis* | [Optional] Integer representing the basis for day count (Refer to [Day Count Basis](/spreadjs/docs/v17/formulareference/formulaoverview/functionsformula/DayCountBasis).) |

## Remarks

This function requires that issue is a valid date (otherwise a #Value! error is returned). If the rate or par is less than or equal to 0, then a #NUM! error is returned. If the basis is less than 0 or greater than 4, a #NUM! error is returned. If the issue is less than the settlement, then a #NUM! error is returned.

## Data Types

Accepts numeric and DateTime object data. Returns numeric data.

## Examples

`ACCRINTM(A2,A3,B4,D9,3)`

`ACCRINTM(R1C1,R2C3,R4C2,R9C4,3)`