Microsoft Office Tutorials and References

In Depth Information

Returns the depreciation of an asset for a specified period, using the fixed

declining-balance method.

DB

Returns the depreciation of an asset for a specified period, using the

double declining-balance method or some other method that you specify.

DDB

DISC

Returns the discount rate for a security.

Converts a dollar price, expressed as a fraction, into a dollar price ex-

pressed as a decimal number.

DOLLARDE

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

expressed as a fraction.

DOLLARFR

DURATION

Returns the annual duration of a security with periodic interest payments.

EFFECT

Returns the effective annual interest rate.

FV

Returns the future value of an investment.

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

compound interest rates.

FVSCHEDULE

INTRATE

Returns the interest rate for a fully invested security.

IPMT

Returns the interest payment for an investment for a given period.

IRR

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

ISPMT

Returns the interest associated with a specific loan payment.

Returns the Macauley modified duration for a security with an assumed par

value of $100.

MDURATION

Returns the internal rate of return where positive and negative cash flows

are financed at different rates.

MIRR

NOMINAL

Returns the annual nominal interest rate.

NPER

Returns the number of periods for an investment.

Returns the net present value of an investment based on a series of peri-

odic cash flows and a discount rate.

NPV

ODDFPRICE

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

ODDFYIELD

Returns the yield of a security with an odd first period.