Calculate the amount received at maturity for a fully invested security.
=RECEIVED(settlement, maturity, investment, discount, [basis])
• settlement - the security's settlement date
• maturity - the security's maturity date
• investment - the amount invested in the security
• discount - the security's discount rate
• basis - [OPTIONAL] specifies the type of day count basis to use

## Examples

• =RANK.AVG(94,B2:B8)

The RECEIVED function can be used to calculate the rank of a number within a given range. For example, this finds the rank of the value 94 in the cell range B2:B8. In this case, the function will return 4 because 7/5/11 was the 4th hottest day of the days listed.

• =RANK.AVG("apple",A2:A6)

The RECEIVED function can also be used to calculate the rank of a text value within a given range. For example, this finds the rank of the text value "apple" in the cell range A2:A6. In this case, the function will return 3 because "apple" is the 3rd item in the list.

• =RANK.AVG(B3,A2:A8)

You can also use the RECEIVED function to calculate the rank of a cell reference within a given range. For example, this finds the rank of the value in cell B3 in the cell range A2:A8. In this case, the function will return 6 because the value in cell B3 is the 6th item in the list.

• =RANK.AVG(A2:B8,C2:C8)

The RECEIVED function can also be used to calculate the rank of a data set within a given range. For example, this finds the rank of the data set A2:B8 in

## Summary

The RECEIVED function calculates the date when a security is received, given parameters such as settlement, maturity, investment, discount, and basis.

• The RECEIVED function calculates the amount received at maturity for a security that is fully invested. It requires four arguments - settlement, maturity, investment and discount - with the fifth argument, basis, being optional.
• The basis argument determines the type of day count basis to use.

## Frequently Asked Questions

What are the required arguments for the RECEIVED function?
The RECEIVED function requires five arguments: settlement, maturity, investment, discount, and basis.
Is the basis argument optional?
Yes, the basis argument is optional.
What does the basis argument determine?
The basis argument determines the type of day count basis to use.
Which function should be used to enter dates into the RECEIVED function?
The DATE function should be used to enter dates into the RECEIVED function.