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Excel Financial Functions
This page lists the builtin Excel Financial Functions. These functions perform many of the common financial calculations, such as the calculation of yield, interest rates, duration, valuation and depreciation.
The tables below list all the current builtin Excel Financial functions, grouped by category. Selecting a function name will take you to a full description of the function with examples of use and advice on common errors.
Note that some of the functions were first introduced in Excel 2013 and so are not available in earlier versions of Excel.
Excel Financial Functions List

FVSCHEDULE  Calculates the future value of an initial principal, after applying a series of compound interest rates  PDURATION  Calculates the number of periods required for an investment to reach a specified value (New in Excel 2013)  RRI  Calculates the interest rate required for an investment to grow to a specified future value (New in Excel 2013)   
EFFECT  Calculates the effective annual interest rate from a supplied Nominal interest rate and number of periods  NOMINAL  Calculates the annual nominal interest rate from a supplied Effective interest rate and number of periods   
ACCRINT  Calculates the accrued interest for a security that pays periodic interest  ACCRINTM  Calculates the accrued interest for a security that pays interest at maturity  DISC  Calculates the discount rate for a security  DURATION  Calculates the Macauley duration of a security with an assumed par value of $100  INTRATE  Calculates the interest rate for a fully invested security  MDURATION  Calculates the Macauley modified duration for a security with an assumed par value of $100  ODDFPRICE  Calculates the price per $100 face value of a security with an odd first period  ODDFYIELD  Calculates the yield of a security with an odd first period  ODDLPRICE  Calculates the price per $100 face value of a security with an odd last period  ODDLYIELD  Calculates the yield of a security with an odd last period  PRICE  Calculates the price per $100 face value of a security that pays periodic interest  PRICEDISC  Calculates the price per $100 face value of a discounted security  PRICEMAT  Calculates the price per $100 face value of a security that pays interest at maturity  RECEIVED  Calculates the amount received at maturity for a fully invested Security  YIELD  Calculates the yield of a security that pays periodic interest  YIELDDISC  Calculates the annual yield of a discounted security  YIELDMAT  Calculates the annual yield of a security that pays interest at maturity   
COUPDAYBS  Calculates the number of days from the beginning of the coupon period to the settlement date  COUPDAYS  Calculates the number of days in the coupon period that contains the settlement date  COUPDAYSNC  Calculates the number of days from the settlement date to the next coupon date  COUPNCD  Returns the next coupon date after the settlement date  COUPNUM  Returns the number of coupons payable between the settlement date and maturity date  COUPPCD  Returns the previous coupon date, before the settlement date   
TBILLEQ  Calculates the bondequivalent yield for a treasury bill  TBILLPRICE  Calculates the price per $100 face value for a treasury bill  TBILLYIELD  Calculates the yield for a treasury bill 
  
CUMIPMT  Calculates the cumulative interest paid between two specified periods  CUMPRINC  Calculates the cumulative principal paid on a loan, between two specified periods  FV  Calculates the future value of an investment with periodic constant payments and a constant interest rate  IPMT  Calculates the interest payment for a given period of an investment, with periodic constant payments and a constant interest rate  ISPMT  Returns the interest paid during a specified period of an investment  NPER  Returns the number of periods for an investment with periodic constant payments and a constant interest rate  PMT  Calculates the payments required to reduce a loan, from a supplied present value to a specified future value  PPMT  Calculates the payment on the principal for a given investment, with periodic constant payments and a constant interest rate  PV  Calculates the present value of an investment (i.e. the total amount that a series of future periodic constant payments is worth now)  RATE  Calculates the interest rate required to pay off a specified amount of a loan, or reach a target amount on an investment over a given period   
IRR  Calculates the internal rate of return for a series of periodic cash flows  MIRR  Calculates the internal rate of return for a series of periodic cash flows, considering the cost of the investment and the interest on the reinvestment of cash  NPV  Calculates the net present value of an investment, based on a supplied discount rate, and a series of periodic cash flows   
XIRR  Calculates the internal rate of return for a schedule of cash flows occurring at a series of supplied dates  XNPV  Calculates the net present value for a schedule of cash flows occurring at a series of supplied dates   
AMORDEGRC  Calculates the prorated linear depreciation of an asset for each accounting period (with depreciation coefficient applied, depending on the life of the asset)  AMORLINC  Calculates the prorated linear depreciation of an asset for each accounting period  DB  Calculates the depreciation of an asset for a specified period, using the fixeddeclining balance method  DDB  Calculates the depreciation of an asset for a specified period, using the doubledeclining balance method, or some other userspecified method  SLN  Returns the straightline depreciation of an asset for one period  SYD  Returns the sumofyears' digits depreciation of an asset for a specified period  VDB  Returns the depreciation of an asset for a specified period, (including partial periods), using the doubledeclining balance method or another userspecified method   
DOLLARDE  Converts a dollar price expressed as a fraction, into a dollar price expressed as a decimal  DOLLARFR  Converts a dollar price expressed as a decimal, into a dollar price expressed as a fraction 

See the Microsoft Office website for an excellent article showing practical examples of the NPV and IRR functions.