What are accrued interest functions in power bi DAX

This recipe explains what are accrued interest functions in power bi DAX

Recipe Objective - What are accrued interest functions in Power BI DAX?

ACCRINT - Returns the accrued interest for a security that pays periodic interest.

ACCRINTM - Returns the accrued interest for a security that pays interest at maturity.

Syntax of ACCRINT -

ACCRINT(Issue, First_interest, Settlement, Rate, Par, Frequency, [Basis], [Calc_method])

Parameters -

Issue - The security's issue date.

First_interest - The security's first interest date.

Settlement - The security's settlement date. The security settlement date is the date after the issue date when the security is traded to the buyer.

Rate - The security's annual coupon rate.

Par - The security's par value.

Frequency - The number of coupon payments per year. For annual payments, frequency = 1; for semiannual, frequency = 2; for quarterly, frequency = 4.

Returns the accrued interest from First_interest to settlement for security.

Syntax of ACCRINTM -

ACCRINTM(Issue, Maturity, Rate, Par, [Basis])

Parameters -

Issue - The security's issue date.

Maturity - The security's maturity date.

Rate - The security's annual coupon rate.

Par - The security's par value.

Frequency - The number of coupon payments per year. For annual payments, frequency = 1; for semiannual, frequency = 2; for quarterly, frequency = 4.

Returns the accrued interest for security.

In this way, we can use accrued interest functions in Power BI DAX.

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