Formula generator for RECEIVED function
The RECEIVED function calculates the amount received at maturity for an investment in fixed-income securities purchased on a given date. It considers the settlement date, maturity date, investment amount, discount rate, and optional day count convention to determine the final amount received.
Formula generator
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How to generate an RECEIVED formula using AI.
To obtain information on the ARRAY_CONSTRAIN formula, you could ask the AI chatbot the following question: “To get the RECEIVED formula, you can ask the AI chatbot the following question: "What formula can I use in Excel to calculate the amount received for a loan or investment?" The chatbot should then provide you with the RECEIVED formula and guide you on how to use it in your specific scenario.”
RECEIVED formula syntax
The RECEIVED function in Excel calculates the amount received at maturity for an investment with a specified interest rate and term. The syntax for the RECEIVED function is: RECEIVED(settlement, maturity, investment, discount, basis) - settlement: The date on which the investment was purchased. - maturity: The date on which the investment matures. - investment: The initial amount invested. - discount: The discount rate of the investment. - basis: (optional) The day count basis to use for calculations. The function returns the amount received at maturity, taking into account the investment amount, discount rate, and the number of days between the settlement and maturity dates.
Use Cases & Examples
In these use cases, we use the RECEIVED formula to calculate the amount received for a specific transaction or event. The RECEIVED formula takes into account factors such as the initial amount, any discounts or fees, and the interest rate, providing an accurate calculation of the final amount received.
Calculating the amount received at maturity for a bond investment
Description
This use case demonstrates how to use the RECEIVED function to calculate the amount received at maturity for a bond investment. The function takes into account the settlement date, maturity date, investment amount, discount rate, and optional day count convention.
Result
RECEIVED(settlement, maturity, investment, discount, [day_count_convention])
Calculating the amount received at maturity for multiple bond investments
Description
In this use case, we have a table of bond investments with different settlement dates, maturity dates, investment amounts, and discount rates. We can use the RECEIVED function along with other functions like SUM and IF to calculate the total amount received at maturity for all the investments.
Result
SUM(RECEIVED(settlement1, maturity1, investment1, discount1, [day_count_convention]), RECEIVED(settlement2, maturity2, investment2, discount2, [day_count_convention]), ...)
Calculating the amount received at maturity with different day count conventions
Description
In this use case, we want to calculate the amount received at maturity for a bond investment using different day count conventions. We can use the RECEIVED function along with the CHOOSE function to select the appropriate day count convention based on a given criteria.
Result
RECEIVED(settlement, maturity, investment, discount, CHOOSE(criteria, day_count_convention1, day_count_convention2, ...))
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FAQ
Frequently Asked Questions
- The RECEIVED function is used to calculate the amount received for an investment, based on the initial investment amount, the discount rate, and the time period.
- The RECEIVED function takes four arguments: investment, discount, maturity, and basis. The investment is the initial investment amount, the discount is the discount rate, the maturity is the maturity date of the investment, and the basis is the day count basis to be used.
- To use the RECEIVED function in Excel, you can enter the formula =RECEIVED(investment, discount, maturity, basis) in a cell. Replace the investment, discount, maturity, and basis arguments with the appropriate values or cell references.
- The RECEIVED function returns the amount received for an investment as a result. This value represents the amount that will be received at the maturity date, taking into account the initial investment amount, discount rate, and time period.
- No, the RECEIVED function can only calculate the amount received for a single investment. If you need to calculate the amount received for multiple investments, you will need to use the RECEIVED function for each investment separately.