Excel RECEIVED Function
The RECEIVED function returns the amount received at maturity for a fully invested security.
Syntax and arguments
The RECEIVED function returns a numeric value.
1. If the argument settlement and maturity are not the valid dates, such as are the non-numeric value, the dates that are earlier than 1/1/1900, the function will return to an error value #VALUE!.
2. If the argument basis is out of range (0-4), the function will return to an error value #NUM!.
3. If the argument investment <= 0, or discount <= 0, RECEIVED function will return to an error value #NUM!.
4. If the argument settlement > maturity, RECEIVED function will return to an error value #NUM!.
1. In Excel, dates are stored as serial numbers. Default, Excel is the 1/1/1900 system which means that 1/1/1900 is the first valid day in Excel and stored as number 1 in Excel. So 1/1/2021 is stored as number 44197.
2. All arguments are truncated to integers, if the arguments including time, the time will be ignored.
3. You should better use date with a cell reference or you can directly use DATE function embedded in the RECEIVED function as this:
4. RECEIVED function is calculated as follow:
Excel 2003 or later
Usage and Examples
Example1: basic usage
For instance, in table range B3:C7 that list information about a security, now to calculate the amount received at maturity of this security, please use formula as this:
=RECEIVED(C3,C4,C5,C6) //here the basis is omitted, the function takes the day count basis type as US (NASD) 30/360
Press Enter key, the received value will be gotten.
Excel PRICEMAT Function
The PRICEMAT function returns the price per $100 face value of a security that pays interests at maturity.
Excel PV Function
The PV function returns the present value of a loan or an investment based on a constant interest rate.
Excel RATE Function
TThe RATE returns the interest rate per period of an annuity.
Excel AMORDEGRC Function
The AMORDEGRC function returns the linear depreciation of an asset for each accounting period by applying a depreciation coefficient based on the lifetime of the assets.