Financial functions (reference)
Important The calculated results of formulas and some Excel worksheet functions may differ slightly between a Windows PC using x86 or x8664 architecture and a Windows RT PC using ARM architecture. Learn more about the differences.
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Function 
Description 
Returns the accrued interest for a security that pays periodic interest 

Returns the accrued interest for a security that pays interest at maturity 

Returns the depreciation for each accounting period by using a depreciation coefficient 

Returns the depreciation for each accounting period 

Returns the number of days from the beginning of the coupon period to the settlement date 

Returns the number of days in the coupon period that contains the settlement date 

Returns the number of days from the settlement date to the next coupon date 

Returns the next coupon date after the settlement date 

Returns the number of coupons payable between the settlement date and maturity date 

Returns the previous coupon date before the settlement date 

Returns the cumulative interest paid between two periods 

Returns the cumulative principal paid on a loan between two periods 

Returns the depreciation of an asset for a specified period by using the fixeddeclining balance method 

Returns the depreciation of an asset for a specified period by using the doubledeclining balance method or some other method that you specify 

Returns the discount rate for a security 

Converts a dollar price, expressed as a fraction, into a dollar price, expressed as a decimal number 

Converts a dollar price, expressed as a decimal number, into a dollar price, expressed as a fraction 

Returns the annual duration of a security with periodic interest payments 

Returns the effective annual interest rate 

Returns the future value of an investment 

Returns the future value of an initial principal after applying a series of compound interest rates 

Returns the interest rate for a fully invested security 

Returns the interest payment for an investment for a given period 

Returns the internal rate of return for a series of cash flows 

Calculates the interest paid during a specific period of an investment 

Returns the Macauley modified duration for a security with an assumed par value of $100 

Returns the internal rate of return where positive and negative cash flows are financed at different rates 

Returns the annual nominal interest rate 

Returns the number of periods for an investment 

Returns the net present value of an investment based on a series of periodic cash flows and a discount rate 

Returns the price per $100 face value of a security with an odd first period 

Returns the yield of a security with an odd first period 

Returns the price per $100 face value of a security with an odd last period 

Returns the yield of a security with an odd last period 

Returns the number of periods required by an investment to reach a specified value 

Returns the periodic payment for an annuity 

Returns the payment on the principal for an investment for a given period 

Returns the price per $100 face value of a security that pays periodic interest 

Returns the price per $100 face value of a discounted security 

Returns the price per $100 face value of a security that pays interest at maturity 

Returns the present value of an investment 

Returns the interest rate per period of an annuity 

Returns the amount received at maturity for a fully invested security 

Returns an equivalent interest rate for the growth of an investment 

Returns the straightline depreciation of an asset for one period 

Returns the sumofyears' digits depreciation of an asset for a specified period 

Returns the bondequivalent yield for a Treasury bill 

Returns the price per $100 face value for a Treasury bill 

Returns the yield for a Treasury bill 

Returns the depreciation of an asset for a specified or partial period by using a declining balance method 

Returns the internal rate of return for a schedule of cash flows that is not necessarily periodic 

Returns the net present value for a schedule of cash flows that is not necessarily periodic 

Returns the yield on a security that pays periodic interest 

Returns the annual yield for a discounted security; for example, a Treasury bill 

Returns the annual yield of a security that pays interest at maturity 