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  1. <?xml version="1.0" encoding="utf-8"?>
  2. <html><head><title>Financial Functions Part Two</title><meta name="filename" content="text/scalc/01/04060119"/><help:css-file-link xmlns:help="http://openoffice.org/2000/help"/><!--The CSS style header method for setting styles--><style type="text/css">
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  12.   <p class="Head1"><help:paragraphinfo state="U" number="1" xmlns:help="http://openoffice.org/2000/help"/>Financial Functions Part Two</p>
  13.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:popup Id="66774" Eid="eikafi" xmlns:help="http://openoffice.org/2000/help"><help:embedded Id="66778" Eid="wie"/></help:popup>
  14.   <p class="Paragraph"><help:paragraphinfo state="U" number="343" xmlns:help="http://openoffice.org/2000/help"/><help:link Id="66877" xmlns:help="http://openoffice.org/2000/help">Back to Financial Functions Part One</help:link></p>
  15.   <p class="Paragraph"><help:paragraphinfo state="U" number="344" xmlns:help="http://openoffice.org/2000/help"/><help:link Id="68335" xmlns:help="http://openoffice.org/2000/help">Forward to Financial Functions Part Three</help:link></p>
  16.   <p class="Paragraph"><help:paragraphinfo state="U" number="2" xmlns:help="http://openoffice.org/2000/help"/><help:link Id="68336" Eid="kumzinsz" xmlns:help="http://openoffice.org/2000/help">CUMIPMT</help:link>, <help:link Id="68336" Eid="cumipmt_add" xmlns:help="http://openoffice.org/2000/help">CUMIPMT_ADD</help:link>, <help:link Id="68336" Eid="kumkapital" xmlns:help="http://openoffice.org/2000/help">CUMPRINC</help:link>, <help:link Id="68336" Eid="cumprinc_add" xmlns:help="http://openoffice.org/2000/help">CUMPRINC_ADD</help:link>, <help:link Id="68336" Eid="dollarde" xmlns:help="http://openoffice.org/2000/help">DOLLARDE</help:link>, <help:link Id="68336" Eid="dollarfr" xmlns:help="http://openoffice.org/2000/help">DOLLARFR</help:link>, <help:link Id="68336" Eid="laufzeit" xmlns:help="http://openoffice.org/2000/help">DURATION</help:link>, <help:link Id="68336" Eid="mduration" xmlns:help="http://openoffice.org/2000/help">MDURATION</help:link>, <help:link Id="68336" Eid="qikv" xmlns:help="http://openoffice.org/2000/help">MIRR</help:link>, <help:link Id="68336" Eid="nominal" xmlns:help="http://openoffice.org/2000/help">NOMINAL</help:link>, <help:link Id="68336" Eid="nominal_add" xmlns:help="http://openoffice.org/2000/help">NOMINAL_ADD</help:link>, <help:link Id="68336" Eid="nbw" xmlns:help="http://openoffice.org/2000/help">NPV</help:link>, <help:link Id="68336" Eid="rmz" xmlns:help="http://openoffice.org/2000/help">PMT</help:link>, <help:link Id="68336" Eid="kapz" xmlns:help="http://openoffice.org/2000/help">PPMT</help:link>, <help:link Id="68336" Eid="price" xmlns:help="http://openoffice.org/2000/help">PRICE</help:link>, <help:link Id="68336" Eid="pricedisc" xmlns:help="http://openoffice.org/2000/help">PRICEDISC</help:link>, <help:link Id="68336" Eid="pricemat" xmlns:help="http://openoffice.org/2000/help">PRICEMAT</help:link>, <help:link Id="68336" Eid="lia" xmlns:help="http://openoffice.org/2000/help">SLN</help:link>, <help:link Id="68336" Eid="tbilleq" xmlns:help="http://openoffice.org/2000/help">TBILLEQ</help:link>, <help:link Id="68336" Eid="tbillprice" xmlns:help="http://openoffice.org/2000/help">TBILLPRICE</help:link>, <help:link Id="68336" Eid="tbillyield" xmlns:help="http://openoffice.org/2000/help">TBILLYIELD</help:link>, <help:link Id="68336" Eid="yield" xmlns:help="http://openoffice.org/2000/help">YIELD</help:link>, <help:link Id="68336" Eid="yielddisc" xmlns:help="http://openoffice.org/2000/help">YIELDDISC</help:link>, <help:link Id="68336" Eid="yieldmat" xmlns:help="http://openoffice.org/2000/help">YIELDMAT</help:link>.</p>
  17.   <p class="Head2"><help:paragraphinfo state="U" number="238" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_FUNC_KAPZ" xmlns:help="http://openoffice.org/2000/help"/><a name="kapz"/><help:key-word value="PPMT" tag="kw68336_19" xmlns:help="http://openoffice.org/2000/help"/>PPMT</p>
  18.   <p class="Paragraph"><help:paragraphinfo state="U" number="239" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help">Returns for a given period the payment on the principal for an investment that is based on periodic and constant payments and a constant interest rate.</help:help-text></p>
  19.   <p class="Head3"><help:paragraphinfo state="U" number="240" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  20.   <p class="Paragraph"><help:paragraphinfo state="U" number="241" xmlns:help="http://openoffice.org/2000/help"/>PPMT(Rate;Period;NPER;PV;FV;Type)</p>
  21.   <p class="Paragraph"><help:paragraphinfo state="U" number="242" xmlns:help="http://openoffice.org/2000/help"/>Rate: the periodic interest rate.</p>
  22.   <p class="Paragraph"><help:paragraphinfo state="U" number="243" xmlns:help="http://openoffice.org/2000/help"/>Period: the amortizement period. P=1 for the first and P=NPER for the last period.</p>
  23.   <p class="Paragraph"><help:paragraphinfo state="U" number="244" xmlns:help="http://openoffice.org/2000/help"/>NPER: the total number of periods during which annuity is paid.</p>
  24.   <p class="Paragraph"><help:paragraphinfo state="U" number="245" xmlns:help="http://openoffice.org/2000/help"/>PV. the present value in the sequence of payments.</p>
  25.   <p class="Paragraph"><help:paragraphinfo state="U" number="246" xmlns:help="http://openoffice.org/2000/help"/>FV (optional): the desired (future) value.</p>
  26.   <p class="Paragraph"><help:paragraphinfo state="U" number="247" xmlns:help="http://openoffice.org/2000/help"/>Type (optional): defines the due date. F=1 for payment at the beginning of a period and F=0 for payment at the end of a period.</p>
  27.   <p class="Head3"><help:paragraphinfo state="U" number="248" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  28.   <p class="Paragraph"><help:paragraphinfo state="U" number="249" xmlns:help="http://openoffice.org/2000/help"/>How high is the periodic monthly payment at an yearly interest rate of 8,75% over a period of 3 years? The cash value is 5,000 currency units and is always paid at the beginning of a period. The future value is 8,000 currency units.</p>
  29.   <p class="Paragraph"><help:paragraphinfo state="U" number="250" xmlns:help="http://openoffice.org/2000/help"/>PPMT(8.75%/12;1;36;5000;8000;1) = -350,99 currency units.</p>
  30.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="65630" Eid="siehe" xmlns:help="http://openoffice.org/2000/help"/>
  31.   <p class="Paragraph"><help:paragraphinfo state="U" number="251" xmlns:help="http://openoffice.org/2000/help"/><help:link Id="68335" Eid="zw" xmlns:help="http://openoffice.org/2000/help">FV</help:link>, <help:link Id="68335" Eid="zinsz" xmlns:help="http://openoffice.org/2000/help">IPMT</help:link>, <help:link Id="66877" Eid="bw" xmlns:help="http://openoffice.org/2000/help">PV</help:link>, <help:link Id="68336" Eid="rmz" xmlns:help="http://openoffice.org/2000/help">PMT</help:link>, <help:link Id="68335" Eid="zins" xmlns:help="http://openoffice.org/2000/help">RATE</help:link>, <help:link Id="68335" Eid="zzr" xmlns:help="http://openoffice.org/2000/help">NPER</help:link>.</p>
  32.   <p class="Head2"><help:paragraphinfo state="U" number="252" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_FUNC_KUMKAPITAL" xmlns:help="http://openoffice.org/2000/help"/><a name="kumkapital"/><help:key-word value="calculating; total amortizement rates" tag="kw68336_35" xmlns:help="http://openoffice.org/2000/help"/><help:key-word value="total amortizement rates; calculating" tag="kw68336_34" xmlns:help="http://openoffice.org/2000/help"/><help:key-word value="CUMPRINC" tag="kw68336_1" xmlns:help="http://openoffice.org/2000/help"/>CUMPRINC</p>
  33.   <p class="Paragraph"><help:paragraphinfo state="U" number="253" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help">Returns the cumulative interest paid for an investment period with a constant interest rate.</help:help-text></p>
  34.   <p class="Head3"><help:paragraphinfo state="U" number="254" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  35.   <p class="Paragraph"><help:paragraphinfo state="U" number="255" xmlns:help="http://openoffice.org/2000/help"/>CUMPRINC(Rate;NPER;PV;S;E;Type)</p>
  36.   <p class="Paragraph"><help:paragraphinfo state="U" number="256" xmlns:help="http://openoffice.org/2000/help"/>Rate: the periodic interest rate.</p>
  37.   <p class="Paragraph"><help:paragraphinfo state="U" number="257" xmlns:help="http://openoffice.org/2000/help"/>NPER: the payment period with the total number of periods. NPER can also be a non-integer value.</p>
  38.   <p class="Paragraph"><help:paragraphinfo state="U" number="258" xmlns:help="http://openoffice.org/2000/help"/>PV: the current value in the sequence of payments.</p>
  39.   <p class="Paragraph"><help:paragraphinfo state="U" number="259" xmlns:help="http://openoffice.org/2000/help"/>S: the first period.</p>
  40.   <p class="Paragraph"><help:paragraphinfo state="U" number="260" xmlns:help="http://openoffice.org/2000/help"/>E: the last period.</p>
  41.   <p class="Paragraph"><help:paragraphinfo state="U" number="261" xmlns:help="http://openoffice.org/2000/help"/>Type: the due date of the payment at the beginning or end of each period.</p>
  42.   <p class="Head3"><help:paragraphinfo state="U" number="262" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  43.   <p class="Paragraph"><help:paragraphinfo state="U" number="263" xmlns:help="http://openoffice.org/2000/help"/>What are the payoff amounts if the yearly interest rate is 5.5% for 36 months? The cash value is 15,000 currency units. The payoff amount is calculated between the 10th and 18th period. The due date is at the end of the period.</p>
  44.   <p class="Paragraph"><help:paragraphinfo state="U" number="264" xmlns:help="http://openoffice.org/2000/help"/>CUMPRINC(5.5%/12;36;15000;10;18;0) = -3669.74 currency units. The payoff amount between the 10th and 18th period is 3669.74 currency units.</p>
  45.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="65630" Eid="siehe" xmlns:help="http://openoffice.org/2000/help"/>
  46.   <p class="Paragraph"><help:paragraphinfo state="U" number="265" xmlns:help="http://openoffice.org/2000/help"/><help:link Id="68336" Eid="kumzinsz" xmlns:help="http://openoffice.org/2000/help">CUMIPMT</help:link>.</p>
  47.   <p class="Head2"><help:paragraphinfo state="U" number="182" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_AAI_FUNC_CUMPRINC" xmlns:help="http://openoffice.org/2000/help"/><a name="cumprinc_add"/><help:key-word value="CUMPRINC_ADD" tag="kw68336_18" xmlns:help="http://openoffice.org/2000/help"/>CUMPRINC_ADD</p>
  48.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="65630" Eid="add" xmlns:help="http://openoffice.org/2000/help"/>
  49.   <p class="Paragraph"><help:paragraphinfo state="U" number="183" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help"> Calculates the cumulative redemption of a loan in a period.</help:help-text></p>
  50.   <p class="Head3"><help:paragraphinfo state="U" number="184" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  51.   <p class="Paragraph"><help:paragraphinfo state="U" number="185" xmlns:help="http://openoffice.org/2000/help"/>CUMPRINC_ADD(Rate;NPER;PV;Start period;End period;Type)</p>
  52.   <p class="Paragraph"><help:paragraphinfo state="U" number="186" xmlns:help="http://openoffice.org/2000/help"/>Rate: the interest rate for each period.</p>
  53.   <p class="Paragraph"><help:paragraphinfo state="U" number="187" xmlns:help="http://openoffice.org/2000/help"/>NPER: the total number of payment periods. The rate and NPER must refer to the same unit, and thus both be calculated annually or monthly.</p>
  54.   <p class="Paragraph"><help:paragraphinfo state="U" number="188" xmlns:help="http://openoffice.org/2000/help"/>PV: the current value.</p>
  55.   <p class="Paragraph"><help:paragraphinfo state="U" number="189" xmlns:help="http://openoffice.org/2000/help"/>Start period: the first payment period for the calculation.</p>
  56.   <p class="Paragraph"><help:paragraphinfo state="U" number="190" xmlns:help="http://openoffice.org/2000/help"/>End period: the last payment period for the calculation.</p>
  57.   <p class="Paragraph"><help:paragraphinfo state="U" number="191" xmlns:help="http://openoffice.org/2000/help"/>Type: the maturity of a payment at the end of each period (Type = 0) or at the start of the period (Type = 1).</p>
  58.   <p class="Head3"><help:paragraphinfo state="U" number="192" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  59.   <p class="Paragraph"><help:paragraphinfo state="U" number="193" xmlns:help="http://openoffice.org/2000/help"/>The following mortgage loan is taken out on a house:</p>
  60.   <p class="Paragraph"><help:paragraphinfo state="U" number="194" xmlns:help="http://openoffice.org/2000/help"/>Rate: 9.00 per cent per annum (9% / 12 = 0.0075), Duration: 30 years (payment periods = 30 * 12 = 360), NPV: 125000 currency units.</p>
  61.   <p class="Paragraph"><help:paragraphinfo state="U" number="195" xmlns:help="http://openoffice.org/2000/help"/>How much will you repay in the second year of the mortgage (thus from periods 13 to 24)?</p>
  62.   <p class="Paragraph"><help:paragraphinfo state="U" number="196" xmlns:help="http://openoffice.org/2000/help"/>CUMPRINC_ADD(0.0075;360;125000;13;24;0) returns -934.1071</p>
  63.   <p class="Paragraph"><help:paragraphinfo state="U" number="197" xmlns:help="http://openoffice.org/2000/help"/>In the first month you will be repaying the following amount:</p>
  64.   <p class="Paragraph"><help:paragraphinfo state="U" number="198" xmlns:help="http://openoffice.org/2000/help"/>CUMPRINC_ADD(0.0075;360;125000;1;1;0) returns -68.27827</p>
  65.   <p class="Head2"><help:paragraphinfo state="U" number="266" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_FUNC_KUMZINSZ" xmlns:help="http://openoffice.org/2000/help"/><a name="kumzinsz"/><help:key-word value="calculating; accumulated interest" tag="kw68336_33" xmlns:help="http://openoffice.org/2000/help"/><help:key-word value="CUMIPMT" tag="kw68336_17" xmlns:help="http://openoffice.org/2000/help"/>CUMIPMT</p>
  66.   <p class="Paragraph"><help:paragraphinfo state="U" number="267" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help">Calculates the cumulative interest payments, that is, the total interest, for an investment based on a constant interest rate.</help:help-text></p>
  67.   <p class="Head3"><help:paragraphinfo state="U" number="268" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  68.   <p class="Paragraph"><help:paragraphinfo state="U" number="269" xmlns:help="http://openoffice.org/2000/help"/>CUMIPMT(Rate;NPER;pv;S;E;Type)</p>
  69.   <p class="Paragraph"><help:paragraphinfo state="U" number="270" xmlns:help="http://openoffice.org/2000/help"/>Rate: the periodic interest rate.</p>
  70.   <p class="Paragraph"><help:paragraphinfo state="U" number="271" xmlns:help="http://openoffice.org/2000/help"/>NPER: the payment period with the total number of periods. NPER can also be a non-integer value.</p>
  71.   <p class="Paragraph"><help:paragraphinfo state="U" number="272" xmlns:help="http://openoffice.org/2000/help"/>pv: the current value in the sequence of payments.</p>
  72.   <p class="Paragraph"><help:paragraphinfo state="U" number="273" xmlns:help="http://openoffice.org/2000/help"/>S: the first period.</p>
  73.   <p class="Paragraph"><help:paragraphinfo state="U" number="274" xmlns:help="http://openoffice.org/2000/help"/>E: the last period.</p>
  74.   <p class="Paragraph"><help:paragraphinfo state="U" number="275" xmlns:help="http://openoffice.org/2000/help"/>Type: the due date of the payment at the beginning or end of each period.</p>
  75.   <p class="Head3"><help:paragraphinfo state="U" number="276" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  76.   <p class="Paragraph"><help:paragraphinfo state="U" number="277" xmlns:help="http://openoffice.org/2000/help"/>What are the interest payments at a yearly interest rate of 5.5 %, a payment period of monthly payments for 2 years and a current cash value of 5,000 currency units? The start period is the 4th and the end period is the 6th period. The payment is due at the beginning of each period.</p>
  77.   <p class="Paragraph"><help:paragraphinfo state="U" number="278" xmlns:help="http://openoffice.org/2000/help"/>CUMIPMT(5.5%/12;24;5000;4;6;1) = -57.54 currency units. The interest payments for between the 4th and 6th period are 57.54 currency units.</p>
  78.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="65630" Eid="siehe" xmlns:help="http://openoffice.org/2000/help"/>
  79.   <p class="Paragraph"><help:paragraphinfo state="U" number="279" xmlns:help="http://openoffice.org/2000/help"/><help:link Id="68336" Eid="kumkapital" xmlns:help="http://openoffice.org/2000/help">CUMPRINC</help:link></p>
  80.   <p class="Head2"><help:paragraphinfo state="U" number="165" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_AAI_FUNC_CUMIPMT" xmlns:help="http://openoffice.org/2000/help"/><a name="cumipmt_add"/><help:key-word value="CUMIPMT_ADD" tag="kw68336_16" xmlns:help="http://openoffice.org/2000/help"/>CUMIPMT_ADD</p>
  81.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="65630" Eid="add" xmlns:help="http://openoffice.org/2000/help"/>
  82.   <p class="Paragraph"><help:paragraphinfo state="U" number="166" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help">Calculates the accumulated interest for a period.</help:help-text></p>
  83.   <p class="Head3"><help:paragraphinfo state="U" number="167" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  84.   <p class="Paragraph"><help:paragraphinfo state="U" number="168" xmlns:help="http://openoffice.org/2000/help"/>CUMIPMT_ADD(Rate;NPER;Pv;Start period;End period;Type)</p>
  85.   <p class="Paragraph"><help:paragraphinfo state="U" number="169" xmlns:help="http://openoffice.org/2000/help"/>Rate: the interest rate for each period.</p>
  86.   <p class="Paragraph"><help:paragraphinfo state="U" number="170" xmlns:help="http://openoffice.org/2000/help"/>NPER: the total number of payment periods. The rate and NPER must refer to the same unit, and thus both be calculated annually or monthly.</p>
  87.   <p class="Paragraph"><help:paragraphinfo state="U" number="171" xmlns:help="http://openoffice.org/2000/help"/>Pv: the current value.</p>
  88.   <p class="Paragraph"><help:paragraphinfo state="U" number="172" xmlns:help="http://openoffice.org/2000/help"/>Start period: the first payment period for the calculation.</p>
  89.   <p class="Paragraph"><help:paragraphinfo state="U" number="173" xmlns:help="http://openoffice.org/2000/help"/>End period: the last payment period for the calculation.</p>
  90.   <p class="Paragraph"><help:paragraphinfo state="U" number="174" xmlns:help="http://openoffice.org/2000/help"/>Type: the maturity of a payment at the end of each period (Type = 0) or at the start of the period (Type = 1).</p>
  91.   <p class="Head3"><help:paragraphinfo state="U" number="175" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  92.   <p class="Paragraph"><help:paragraphinfo state="U" number="176" xmlns:help="http://openoffice.org/2000/help"/>The following mortgage loan is taken out on a house:</p>
  93.   <p class="Paragraph"><help:paragraphinfo state="U" number="177" xmlns:help="http://openoffice.org/2000/help"/>Rate: 9.00 per cent per annum (9% / 12 = 0.0075), Duration: 30 years (NPER = 30 * 12 = 360), Pv: 125000 currency units.</p>
  94.   <p class="Paragraph"><help:paragraphinfo state="U" number="178" xmlns:help="http://openoffice.org/2000/help"/>How much interest must you pay in the second year of the mortgage (thus from periods 13 to 24)?</p>
  95.   <p class="Paragraph"><help:paragraphinfo state="U" number="179" xmlns:help="http://openoffice.org/2000/help"/>=CUMIPMT_ADD(0.0075;360;125000;13;24;0) returns -11135.23.</p>
  96.   <p class="Paragraph"><help:paragraphinfo state="U" number="180" xmlns:help="http://openoffice.org/2000/help"/>How much interest must you pay in the first month?</p>
  97.   <p class="Paragraph"><help:paragraphinfo state="U" number="181" xmlns:help="http://openoffice.org/2000/help"/>=CUMIPMT_ADD(0.0075;360;125000;1;1;0) returns -937.50.</p>
  98.   <p class="Head2"><help:paragraphinfo state="U" number="9" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_AAI_FUNC_PRICE" xmlns:help="http://openoffice.org/2000/help"/><a name="price"/><help:key-word value="PRICE" tag="kw68336_15" xmlns:help="http://openoffice.org/2000/help"/>PRICE</p>
  99.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="65630" Eid="add" xmlns:help="http://openoffice.org/2000/help"/>
  100.   <p class="Paragraph"><help:paragraphinfo state="U" number="10" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help">Calculates the market value of a fixed interest security with a par value of 100 currency units as a function of the forecast yield.</help:help-text></p>
  101.   <p class="Head3"><help:paragraphinfo state="U" number="11" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  102.   <p class="Paragraph"><help:paragraphinfo state="U" number="12" xmlns:help="http://openoffice.org/2000/help"/>PRICE(Settlement;Maturity;Rate;Yield;Redemption;Frequency;Basis)</p>
  103.   <p class="Paragraph"><help:paragraphinfo state="U" number="13" xmlns:help="http://openoffice.org/2000/help"/>Settlement: the date of purchase of the security.</p>
  104.   <p class="Paragraph"><help:paragraphinfo state="U" number="14" xmlns:help="http://openoffice.org/2000/help"/>Maturity: the date on which the security matures (expires).</p>
  105.   <p class="Paragraph"><help:paragraphinfo state="U" number="15" xmlns:help="http://openoffice.org/2000/help"/>Rate: the annual nominal rate of interest (coupon interest rate)</p>
  106.   <p class="Paragraph"><help:paragraphinfo state="U" number="16" xmlns:help="http://openoffice.org/2000/help"/>Yield: the annual yield of the security.</p>
  107.   <p class="Paragraph"><help:paragraphinfo state="U" number="17" xmlns:help="http://openoffice.org/2000/help"/>Redemption: the redemption value per 100 currency units of par value.</p>
  108.   <p class="Paragraph"><help:paragraphinfo state="U" number="18" xmlns:help="http://openoffice.org/2000/help"/>Frequency: number of interest payments per year (1, 2 or 4).</p>
  109.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="66874" Eid="basis" xmlns:help="http://openoffice.org/2000/help"/>
  110.   <p class="Head3"><help:paragraphinfo state="U" number="19" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  111.   <p class="Paragraph"><help:paragraphinfo state="U" number="20" xmlns:help="http://openoffice.org/2000/help"/>A security is purchased on 2/15/1999; the maturity date is 11/15/2007. The nominal rate of interest is 5.75%. The yield is 6.5%. The redemption value is 100 currency units. Interest is paid half-yearly (frequency is 2). With calculation on basis 0 the price is as follows:</p>
  112.   <p class="Paragraph"><help:paragraphinfo state="U" number="21" xmlns:help="http://openoffice.org/2000/help"/>=PRICE("2/15/1999"; "11/15/2007"; 0.0575; 0.065; 100; 2; 0) returns 95.04287.</p>
  113.   <p class="Head2"><help:paragraphinfo state="U" number="22" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_AAI_FUNC_PRICEDISC" xmlns:help="http://openoffice.org/2000/help"/><a name="pricedisc"/><help:key-word value="PRICEDISC" tag="kw68336_14" xmlns:help="http://openoffice.org/2000/help"/>PRICEDISC</p>
  114.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="65630" Eid="add" xmlns:help="http://openoffice.org/2000/help"/>
  115.   <p class="Paragraph"><help:paragraphinfo state="U" number="23" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help">Calculates the price per 100 currency units of par value of a non-interest- bearing security.</help:help-text></p>
  116.   <p class="Head3"><help:paragraphinfo state="U" number="24" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  117.   <p class="Paragraph"><help:paragraphinfo state="U" number="25" xmlns:help="http://openoffice.org/2000/help"/>PRICEDISC(Settlement;Maturity;Discount;Redemption;Basis)</p>
  118.   <p class="Paragraph"><help:paragraphinfo state="U" number="26" xmlns:help="http://openoffice.org/2000/help"/>Settlement: the date of purchase of the security.</p>
  119.   <p class="Paragraph"><help:paragraphinfo state="U" number="27" xmlns:help="http://openoffice.org/2000/help"/>Maturity: the date on which the security matures (expires).</p>
  120.   <p class="Paragraph"><help:paragraphinfo state="U" number="28" xmlns:help="http://openoffice.org/2000/help"/>Discount: the discount of a security as a percentage.</p>
  121.   <p class="Paragraph"><help:paragraphinfo state="U" number="29" xmlns:help="http://openoffice.org/2000/help"/>Redemption: the redemption value per 100 currency units of par value.</p>
  122.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="66874" Eid="basis" xmlns:help="http://openoffice.org/2000/help"/>
  123.   <p class="Head3"><help:paragraphinfo state="U" number="30" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  124.   <p class="Paragraph"><help:paragraphinfo state="U" number="31" xmlns:help="http://openoffice.org/2000/help"/>A security is purchased on 2/15/1999; the maturity date is 3/1/1999. Discount in per cent is 5.25%. The redemption value is 100. When calculating on basis 2 the price discount is as follows:</p>
  125.   <p class="Paragraph"><help:paragraphinfo state="U" number="32" xmlns:help="http://openoffice.org/2000/help"/>=PRICEDISC("2/15/1999"; "3/1/1999"; 0.0525; 100; 2) returns 99.79583.</p>
  126.   <p class="Head2"><help:paragraphinfo state="U" number="33" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_AAI_FUNC_PRICEMAT" xmlns:help="http://openoffice.org/2000/help"/><a name="pricemat"/><help:key-word value="PRICEMAT" tag="kw68336_13" xmlns:help="http://openoffice.org/2000/help"/>PRICEMAT</p>
  127.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="65630" Eid="add" xmlns:help="http://openoffice.org/2000/help"/>
  128.   <p class="Paragraph"><help:paragraphinfo state="U" number="34" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help">Calculates the price per 100 currency units of par value of a security, that pays interest on the maturity date.</help:help-text></p>
  129.   <p class="Head3"><help:paragraphinfo state="U" number="35" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  130.   <p class="Paragraph"><help:paragraphinfo state="U" number="36" xmlns:help="http://openoffice.org/2000/help"/>PRICEMAT(Settlement;Maturity;Issue;Rate;Yield;Basis)</p>
  131.   <p class="Paragraph"><help:paragraphinfo state="U" number="37" xmlns:help="http://openoffice.org/2000/help"/>Settlement: the date of purchase of the security.</p>
  132.   <p class="Paragraph"><help:paragraphinfo state="U" number="38" xmlns:help="http://openoffice.org/2000/help"/>Maturity: the date on which the security matures (expires).</p>
  133.   <p class="Paragraph"><help:paragraphinfo state="U" number="39" xmlns:help="http://openoffice.org/2000/help"/>Issue: the date of issue of the security.</p>
  134.   <p class="Paragraph"><help:paragraphinfo state="U" number="40" xmlns:help="http://openoffice.org/2000/help"/>Rate: the interest rate of the security on the issue date.</p>
  135.   <p class="Paragraph"><help:paragraphinfo state="U" number="41" xmlns:help="http://openoffice.org/2000/help"/>Yield: the annual yield of the security.</p>
  136.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="66874" Eid="basis" xmlns:help="http://openoffice.org/2000/help"/>
  137.   <p class="Head3"><help:paragraphinfo state="U" number="42" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  138.   <p class="Paragraph"><help:paragraphinfo state="U" number="43" xmlns:help="http://openoffice.org/2000/help"/>Settlement date: February 15 1999, maturity date: April 13 1999, issue date: November 11 1998. Interest rate: 6.1 per cent, yield: 6.1 per cent, basis: 30/360 = 0.</p>
  139.   <p class="Paragraph"><help:paragraphinfo state="U" number="44" xmlns:help="http://openoffice.org/2000/help"/>The price is calculated as follows:</p>
  140.   <p class="Paragraph"><help:paragraphinfo state="U" number="45" xmlns:help="http://openoffice.org/2000/help"/>=PRICEMAT("2/15/1999";"4/13/1999";"11/11/1998"; 0.061; 0.061;0) returns 99.98449888.</p>
  141.   <p class="Head2"><help:paragraphinfo state="U" number="280" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_FUNC_LAUFZEIT" xmlns:help="http://openoffice.org/2000/help"/><a name="laufzeit"/><help:key-word value="calculating; duration" tag="kw68336_32" xmlns:help="http://openoffice.org/2000/help"/><help:key-word value="duration; calculating" tag="kw68336_31" xmlns:help="http://openoffice.org/2000/help"/>DURATION</p>
  142.   <p class="Paragraph"><help:paragraphinfo state="U" number="281" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help">DURATION is a function belonging to the financial mathematics. Returns the annual duration of an investment with periodic interest payments.</help:help-text></p>
  143.   <p class="Head3"><help:paragraphinfo state="U" number="282" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  144.   <p class="Paragraph"><help:paragraphinfo state="U" number="283" xmlns:help="http://openoffice.org/2000/help"/>DURATION(Rate;PV;FV)</p>
  145.   <p class="Paragraph"><help:paragraphinfo state="U" number="284" xmlns:help="http://openoffice.org/2000/help"/>Rate: a constant. The interest rate is to be calculated for the entire duration (duration period). The interest rate per period is calculated by dividing the interest rate by the calculated duration. The internal rate for an annuity is to be entered as Internal Rate/12.</p>
  146.   <p class="Paragraph"><help:paragraphinfo state="U" number="285" xmlns:help="http://openoffice.org/2000/help"/>PV: the present (current) value. The cash value is the deposit of cash or the current cash value of an allowance in kind. As a deposit value a positive value must be entered; the deposit must not be 0 or <0.</p>
  147.   <p class="Paragraph"><help:paragraphinfo state="U" number="286" xmlns:help="http://openoffice.org/2000/help"/>FV: the expected value. The future value determines the desired (future) value of the deposit.</p>
  148.   <p class="Head3"><help:paragraphinfo state="U" number="287" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  149.   <p class="Paragraph"><help:paragraphinfo state="U" number="288" xmlns:help="http://openoffice.org/2000/help"/>At an interest rate of 4.75%, a cash value of 25,000 currency units and a future value of 1,000,000 currency units, a duration of 79.49 payment periods is returned. The periodic payment is the resulting quotient from the future value and the duration, in this case 1,000,000/79.49=12,850.20.</p>
  150.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="65630" Eid="siehe" xmlns:help="http://openoffice.org/2000/help"/>
  151.   <p class="Paragraph"><help:paragraphinfo state="U" number="289" xmlns:help="http://openoffice.org/2000/help"/><help:link Id="68335" Eid="zgz" xmlns:help="http://openoffice.org/2000/help">ZGZ</help:link>.</p>
  152.   <p class="Head2"><help:paragraphinfo state="U" number="290" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_FUNC_LIA" xmlns:help="http://openoffice.org/2000/help"/><a name="lia"/><help:key-word value="calculating; linear depreciation" tag="kw68336_30" xmlns:help="http://openoffice.org/2000/help"/><help:key-word value="SLN" tag="kw68336_29" xmlns:help="http://openoffice.org/2000/help"/>SLN</p>
  153.   <p class="Paragraph"><help:paragraphinfo state="U" number="291" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help">Returns the straight-line depreciation of an asset for one period.</help:help-text>The amount of the depreciation is constant during the depreciation period.</p>
  154.   <p class="Head3"><help:paragraphinfo state="U" number="292" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  155.   <p class="Paragraph"><help:paragraphinfo state="U" number="293" xmlns:help="http://openoffice.org/2000/help"/>SLN(COST; SALVAGE; LIFE)</p>
  156.   <p class="Paragraph"><help:paragraphinfo state="U" number="294" xmlns:help="http://openoffice.org/2000/help"/>COST: the initial cost of an asset.</p>
  157.   <p class="Paragraph"><help:paragraphinfo state="U" number="295" xmlns:help="http://openoffice.org/2000/help"/>SALVAGE: the value of an asset at the end of the depreciation.</p>
  158.   <p class="Paragraph"><help:paragraphinfo state="U" number="296" xmlns:help="http://openoffice.org/2000/help"/>LIFE: the depreciation period determining the number of periods in the depreciation of the asset.</p>
  159.   <p class="Head3"><help:paragraphinfo state="U" number="297" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  160.   <p class="Paragraph"><help:paragraphinfo state="U" number="298" xmlns:help="http://openoffice.org/2000/help"/>Office equipment with an initial cost of 50,000 currency units is to be depreciated over 7 years. The value at the end of the depreciation is to be 3,500 currency units.</p>
  161.   <p class="Paragraph"><help:paragraphinfo state="U" number="299" xmlns:help="http://openoffice.org/2000/help"/>SLN(50000;3,500;84) = 553.57 currency units. The periodic monthly depreciation of the office equipment is 553.57 currency units.</p>
  162.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="65630" Eid="siehe" xmlns:help="http://openoffice.org/2000/help"/>
  163.   <p class="Paragraph"><help:paragraphinfo state="U" number="300" xmlns:help="http://openoffice.org/2000/help"/><help:link Id="66877" Eid="dia" xmlns:help="http://openoffice.org/2000/help">SYD</help:link>, <help:link Id="66877" Eid="gda" xmlns:help="http://openoffice.org/2000/help">DDB</help:link>, <help:link Id="68335" Eid="vdb" xmlns:help="http://openoffice.org/2000/help">VDB</help:link>.</p>
  164.   <p class="Head2"><help:paragraphinfo state="U" number="217" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_AAI_FUNC_MDURATION" xmlns:help="http://openoffice.org/2000/help"/><a name="mduration"/><help:key-word value="MDURATION" tag="kw68336_12" xmlns:help="http://openoffice.org/2000/help"/>MDURATION</p>
  165.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="65630" Eid="add" xmlns:help="http://openoffice.org/2000/help"/>
  166.   <p class="Paragraph"><help:paragraphinfo state="U" number="218" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help">Calculates the modified Macauley duration of a fixed interest security in years.</help:help-text></p>
  167.   <p class="Head3"><help:paragraphinfo state="U" number="219" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  168.   <p class="Paragraph"><help:paragraphinfo state="U" number="220" xmlns:help="http://openoffice.org/2000/help"/>MDURATION(Settlement;Maturity;Coupon;Yield;Frequency;Basis)</p>
  169.   <p class="Paragraph"><help:paragraphinfo state="U" number="221" xmlns:help="http://openoffice.org/2000/help"/>Settlement: the date of purchase of the security.</p>
  170.   <p class="Paragraph"><help:paragraphinfo state="U" number="222" xmlns:help="http://openoffice.org/2000/help"/>Maturity: the date on which the security matures (expires).</p>
  171.   <p class="Paragraph"><help:paragraphinfo state="U" number="223" xmlns:help="http://openoffice.org/2000/help"/>Coupon: the annual nominal rate of interest (coupon interest rate)</p>
  172.   <p class="Paragraph"><help:paragraphinfo state="U" number="224" xmlns:help="http://openoffice.org/2000/help"/>Yield: the annual yield of the security.</p>
  173.   <p class="Paragraph"><help:paragraphinfo state="U" number="225" xmlns:help="http://openoffice.org/2000/help"/>Frequency: number of interest payments per year (1, 2 or 4).</p>
  174.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="66874" Eid="basis" xmlns:help="http://openoffice.org/2000/help"/>
  175.   <p class="Head3"><help:paragraphinfo state="U" number="226" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  176.   <p class="Paragraph"><help:paragraphinfo state="U" number="227" xmlns:help="http://openoffice.org/2000/help"/>A security is purchased on 1/1/2001; the maturity date is 1/1/2006. The nominal rate of interest is 8%. The yield is 9.0%. Interest is paid half-yearly (frequency is 2). Using daily balance interest calculation (basis 3) how long is the modified duration?</p>
  177.   <p class="Paragraph"><help:paragraphinfo state="U" number="228" xmlns:help="http://openoffice.org/2000/help"/>=MDURATION("1/1/2001"; "1/1/2006"; 0.08; 0.09; 2; 3)</p>
  178.   <p class="Head2"><help:paragraphinfo state="U" number="301" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_FUNC_NBW" xmlns:help="http://openoffice.org/2000/help"/><a name="nbw"/><help:key-word value="calculating; net present value" tag="kw68336_28" xmlns:help="http://openoffice.org/2000/help"/><help:key-word value="NPV" tag="kw68336_27" xmlns:help="http://openoffice.org/2000/help"/>NPV</p>
  179.   <p class="Paragraph"><help:paragraphinfo state="U" number="302" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help">Returns the net present value of an investment based on a series of periodic cash flows and a discount rate.</help:help-text></p>
  180.   <p class="Head3"><help:paragraphinfo state="U" number="303" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  181.   <p class="Paragraph"><help:paragraphinfo state="U" number="304" xmlns:help="http://openoffice.org/2000/help"/>NPV(RATE;Value 1;Value 2;...)</p>
  182.   <p class="Paragraph"><help:paragraphinfo state="U" number="305" xmlns:help="http://openoffice.org/2000/help"/>RATE: the discount rate for a period.</p>
  183.   <p class="Paragraph"><help:paragraphinfo state="U" number="306" xmlns:help="http://openoffice.org/2000/help"/>Value1;... are up to 30 values, which represent deposits or withdrawals.</p>
  184.   <p class="Head3"><help:paragraphinfo state="U" number="307" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  185.   <p class="Paragraph"><help:paragraphinfo state="U" number="308" xmlns:help="http://openoffice.org/2000/help"/>What is the net present value of periodic payments in hundreds of 345, 276 and -145 currency units with a discount rate of 8.75%.</p>
  186.   <p class="Paragraph"><help:paragraphinfo state="U" number="309" xmlns:help="http://openoffice.org/2000/help"/>NPV(8.75%;345;276;-145) = 437.87 currency units. The net present value is therefore 437.87 currency units.</p>
  187.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="65630" Eid="siehe" xmlns:help="http://openoffice.org/2000/help"/>
  188.   <p class="Paragraph"><help:paragraphinfo state="U" number="310" xmlns:help="http://openoffice.org/2000/help"/><help:link Id="66877" Eid="bw" xmlns:help="http://openoffice.org/2000/help">PV</help:link>, <help:link Id="66877" Eid="ikv" xmlns:help="http://openoffice.org/2000/help">IRR</help:link>, <help:link Id="68335" Eid="zw" xmlns:help="http://openoffice.org/2000/help">FV</help:link>.</p>
  189.   <p class="Head2"><help:paragraphinfo state="U" number="311" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_FUNC_NOMINAL" xmlns:help="http://openoffice.org/2000/help"/><a name="nominal"/><help:key-word value="calculating; nominal interest rate" tag="kw68336_26" xmlns:help="http://openoffice.org/2000/help"/><help:key-word value="NOMINAL" tag="kw68336_25" xmlns:help="http://openoffice.org/2000/help"/>NOMINAL</p>
  190.   <p class="Paragraph"><help:paragraphinfo state="U" number="312" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help">Calculates the yearly nominal interest rate, given the effective rate and the number of compounding periods per year.</help:help-text></p>
  191.   <p class="Head3"><help:paragraphinfo state="U" number="313" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  192.   <p class="Paragraph"><help:paragraphinfo state="U" number="314" xmlns:help="http://openoffice.org/2000/help"/>NOMINAL(EFFECT_RATE;NPERY)</p>
  193.   <p class="Paragraph"><help:paragraphinfo state="U" number="315" xmlns:help="http://openoffice.org/2000/help"/>EFFECT_RATE: the effective interest rate</p>
  194.   <p class="Paragraph"><help:paragraphinfo state="U" number="316" xmlns:help="http://openoffice.org/2000/help"/>NPERY: the number of periodic interest payments per year.</p>
  195.   <p class="Head3"><help:paragraphinfo state="U" number="317" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  196.   <p class="Paragraph"><help:paragraphinfo state="U" number="318" xmlns:help="http://openoffice.org/2000/help"/>What is the nominal interest per year for an effective interest rate of 13.5% if twelve payments are made per year.</p>
  197.   <p class="Paragraph"><help:paragraphinfo state="U" number="319" xmlns:help="http://openoffice.org/2000/help"/>NOMINAL(13.5%;12) = 12.73%. The nominal interest rate per year is 12.73%.</p>
  198.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="65630" Eid="siehe" xmlns:help="http://openoffice.org/2000/help"/>
  199.   <p class="Paragraph"><help:paragraphinfo state="U" number="320" xmlns:help="http://openoffice.org/2000/help"/><help:link Id="66877" Eid="effektiv" xmlns:help="http://openoffice.org/2000/help">EFFECTIVE</help:link>.</p>
  200.   <p class="Head2"><help:paragraphinfo state="U" number="229" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_AAI_FUNC_NOMINAL" xmlns:help="http://openoffice.org/2000/help"/><a name="nominal_add"/><help:key-word value="NOMINAL_ADD" tag="kw68336_11" xmlns:help="http://openoffice.org/2000/help"/>NOMINAL_ADD</p>
  201.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="65630" Eid="add" xmlns:help="http://openoffice.org/2000/help"/>
  202.   <p class="Paragraph"><help:paragraphinfo state="U" number="230" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help">Calculates the annual nominal rate of interest on the basis of the effective rate and the number of interest payments per annum.</help:help-text></p>
  203.   <p class="Head3"><help:paragraphinfo state="U" number="231" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  204.   <p class="Paragraph"><help:paragraphinfo state="U" number="232" xmlns:help="http://openoffice.org/2000/help"/>NOMINAL_ADD(Effective rate;Npery)</p>
  205.   <p class="Paragraph"><help:paragraphinfo state="U" number="233" xmlns:help="http://openoffice.org/2000/help"/>Effective rate: the effective annual rate of interest.</p>
  206.   <p class="Paragraph"><help:paragraphinfo state="U" number="234" xmlns:help="http://openoffice.org/2000/help"/>Npery: the number of interest payments per year.</p>
  207.   <p class="Head3"><help:paragraphinfo state="U" number="235" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  208.   <p class="Paragraph"><help:paragraphinfo state="U" number="236" xmlns:help="http://openoffice.org/2000/help"/>What is the nominal rate of interest for a 5.3543% effective rate of interest and quarterly payment.</p>
  209.   <p class="Paragraph"><help:paragraphinfo state="U" number="237" xmlns:help="http://openoffice.org/2000/help"/>=NOMINAL_ADD(5.3543%; 4) returns 0.0525 or 5.25%.</p>
  210.   <p class="Head2"><help:paragraphinfo state="U" number="208" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_AAI_FUNC_DOLLARFR" xmlns:help="http://openoffice.org/2000/help"/><a name="dollarfr"/><help:key-word value="DOLLARFR" tag="kw68336_10" xmlns:help="http://openoffice.org/2000/help"/>DOLLARFR</p>
  211.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="65630" Eid="add" xmlns:help="http://openoffice.org/2000/help"/>
  212.   <p class="Paragraph"><help:paragraphinfo state="U" number="209" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help">Converts a quotation that has been given as a decimal number into a mixed decimal fraction.</help:help-text></p>
  213.   <p class="Head3"><help:paragraphinfo state="U" number="210" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  214.   <p class="Paragraph"><help:paragraphinfo state="U" number="211" xmlns:help="http://openoffice.org/2000/help"/>DOLLARFR (Decimal dollar;Fraction)</p>
  215.   <p class="Paragraph"><help:paragraphinfo state="U" number="212" xmlns:help="http://openoffice.org/2000/help"/>Decimal dollar: a decimal number.</p>
  216.   <p class="Paragraph"><help:paragraphinfo state="U" number="213" xmlns:help="http://openoffice.org/2000/help"/>Fraction: a whole number that is used as the denominator of the decimal fraction.</p>
  217.   <p class="Head3"><help:paragraphinfo state="U" number="214" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  218.   <p class="Paragraph"><help:paragraphinfo state="U" number="215" xmlns:help="http://openoffice.org/2000/help"/>=DOLLARFR(1.125;16) converts into sixteenths. The result is 1.02 for 1 plus 2/16.</p>
  219.   <p class="Paragraph"><help:paragraphinfo state="U" number="216" xmlns:help="http://openoffice.org/2000/help"/>=DOLLARFR(1.125;8) converts into eighths. The result is 1.1 for 1 plus 1/8.</p>
  220.   <p class="Head2"><help:paragraphinfo state="U" number="199" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_AAI_FUNC_DOLLARDE" xmlns:help="http://openoffice.org/2000/help"/><a name="dollarde"/><help:key-word value="fractions; converting" tag="kw68336_24" xmlns:help="http://openoffice.org/2000/help"/><help:key-word value="DOLLARDE" tag="kw68336_9" xmlns:help="http://openoffice.org/2000/help"/>DOLLARDE</p>
  221.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="65630" Eid="add" xmlns:help="http://openoffice.org/2000/help"/>
  222.   <p class="Paragraph"><help:paragraphinfo state="U" number="200" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help">Converts a quotation that has been given as a decimal fraction into a decimal number.</help:help-text></p>
  223.   <p class="Head3"><help:paragraphinfo state="U" number="201" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  224.   <p class="Paragraph"><help:paragraphinfo state="U" number="202" xmlns:help="http://openoffice.org/2000/help"/>DOLLARDE(Fractional dollar;Fraction)</p>
  225.   <p class="Paragraph"><help:paragraphinfo state="U" number="203" xmlns:help="http://openoffice.org/2000/help"/>Fractional dollar: a number given as a decimal fraction.</p>
  226.   <p class="Paragraph"><help:paragraphinfo state="U" number="204" xmlns:help="http://openoffice.org/2000/help"/>Fraction: a whole number that is used as the denominator of the decimal fraction.</p>
  227.   <p class="Head3"><help:paragraphinfo state="U" number="205" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  228.   <p class="Paragraph"><help:paragraphinfo state="U" number="206" xmlns:help="http://openoffice.org/2000/help"/>=DOLLARDE (1.02;16) stands for 1 and 2/16. This returns 1.125.</p>
  229.   <p class="Paragraph"><help:paragraphinfo state="U" number="207" xmlns:help="http://openoffice.org/2000/help"/>=DOLLARDE (1.1;8) stands for 1 and 1/8. This returns 1.125.</p>
  230.   <p class="Head2"><help:paragraphinfo state="U" number="321" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_FUNC_QIKV" xmlns:help="http://openoffice.org/2000/help"/><a name="qikv"/><help:key-word value="calculating; modified internal rate of return" tag="kw68336_23" xmlns:help="http://openoffice.org/2000/help"/><help:key-word value="MIRR" tag="kw68336_22" xmlns:help="http://openoffice.org/2000/help"/>MIRR</p>
  231.   <p class="Paragraph"><help:paragraphinfo state="U" number="322" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help">Calculates the modified internal rate of return of a series of investments.</help:help-text></p>
  232.   <p class="Head3"><help:paragraphinfo state="U" number="323" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  233.   <p class="Paragraph"><help:paragraphinfo state="U" number="324" xmlns:help="http://openoffice.org/2000/help"/>MIRR(Values; investment; reinvest_rate)</p>
  234.   <p class="Paragraph"><help:paragraphinfo state="U" number="325" xmlns:help="http://openoffice.org/2000/help"/>Values:<span class="T1"> </span>corresponds to the array or the cell reference for cells whose content corresponds to the payments.</p>
  235.   <p class="Paragraph"><help:paragraphinfo state="U" number="326" xmlns:help="http://openoffice.org/2000/help"/>investment:<span class="T1"> </span>the rate of interest of the investments (the negative values of the array)</p>
  236.   <p class="Paragraph"><help:paragraphinfo state="U" number="327" xmlns:help="http://openoffice.org/2000/help"/>reinvest_rate:<span class="T1"> </span>the rate of interest of the reinvestment (the positive values of the array)</p>
  237.   <p class="Head3"><help:paragraphinfo state="U" number="328" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  238.   <p class="Paragraph"><help:paragraphinfo state="U" number="329" xmlns:help="http://openoffice.org/2000/help"/>Assuming a cell content of A1=-5, A2=10, A3=15 and A4=8, and an investment value of 0.5 and a reinvestment value of 0.1, the result is 94.16%.</p>
  239.   <p class="Head2"><help:paragraphinfo state="U" number="129" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_AAI_FUNC_YIELD" xmlns:help="http://openoffice.org/2000/help"/><a name="yield"/><help:key-word value="YIELD" tag="kw68336_8" xmlns:help="http://openoffice.org/2000/help"/>YIELD</p>
  240.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="65630" Eid="add" xmlns:help="http://openoffice.org/2000/help"/>
  241.   <p class="Paragraph"><help:paragraphinfo state="U" number="130" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help">Calculates the yield of a security.</help:help-text></p>
  242.   <p class="Head3"><help:paragraphinfo state="U" number="131" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  243.   <p class="Paragraph"><help:paragraphinfo state="U" number="132" xmlns:help="http://openoffice.org/2000/help"/>YIELD(Settlement;Maturity;Rate;Price;Redemption;Frequency;Basis)</p>
  244.   <p class="Paragraph"><help:paragraphinfo state="U" number="133" xmlns:help="http://openoffice.org/2000/help"/>Settlement: the date of purchase of the security.</p>
  245.   <p class="Paragraph"><help:paragraphinfo state="U" number="134" xmlns:help="http://openoffice.org/2000/help"/>Maturity: the date on which the security matures (expires).</p>
  246.   <p class="Paragraph"><help:paragraphinfo state="U" number="135" xmlns:help="http://openoffice.org/2000/help"/>Rate: the annual rate of interest.</p>
  247.   <p class="Paragraph"><help:paragraphinfo state="U" number="136" xmlns:help="http://openoffice.org/2000/help"/>Price: the price (purchase price) of the security per 100 currency units of par value.</p>
  248.   <p class="Paragraph"><help:paragraphinfo state="U" number="137" xmlns:help="http://openoffice.org/2000/help"/>Redemption: the redemption value per 100 currency units of par value.</p>
  249.   <p class="Paragraph"><help:paragraphinfo state="U" number="138" xmlns:help="http://openoffice.org/2000/help"/>Frequency: number of interest payments per year (1, 2 or 4).</p>
  250.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="66874" Eid="basis" xmlns:help="http://openoffice.org/2000/help"/>
  251.   <p class="Head3"><help:paragraphinfo state="U" number="139" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  252.   <p class="Paragraph"><help:paragraphinfo state="U" number="140" xmlns:help="http://openoffice.org/2000/help"/>A security is purchased on 2/15/1999. It matures on 11/15/2007. The rate of interest is 5.75%. The price is 95.04287 currency units per 100 units of par value, the redemption value is 100 units. Interest is paid half-yearly (frequency = 2) and the basis is 0. How high is the yield?</p>
  253.   <p class="Paragraph"><help:paragraphinfo state="U" number="141" xmlns:help="http://openoffice.org/2000/help"/>=YIELD("2/15/1999"; "11/15/2007"; 0.0575 ;95.04287; 100; 2; 0) returns 0.065 or 6.5 per cent.</p>
  254.   <p class="Head2"><help:paragraphinfo state="U" number="142" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_AAI_FUNC_YIELDDISC" xmlns:help="http://openoffice.org/2000/help"/><a name="yielddisc"/><help:key-word value="YIELDDISC" tag="kw68336_7" xmlns:help="http://openoffice.org/2000/help"/>YIELDDISC</p>
  255.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="65630" Eid="add" xmlns:help="http://openoffice.org/2000/help"/>
  256.   <p class="Paragraph"><help:paragraphinfo state="U" number="143" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help">Calculates the annual yield of a non-interest-bearing security.</help:help-text></p>
  257.   <p class="Head3"><help:paragraphinfo state="U" number="144" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  258.   <p class="Paragraph"><help:paragraphinfo state="U" number="145" xmlns:help="http://openoffice.org/2000/help"/>YIELDDISC(Settlement;Maturity;Price;Redemption;Basis)</p>
  259.   <p class="Paragraph"><help:paragraphinfo state="U" number="146" xmlns:help="http://openoffice.org/2000/help"/>Settlement: the date of purchase of the security.</p>
  260.   <p class="Paragraph"><help:paragraphinfo state="U" number="147" xmlns:help="http://openoffice.org/2000/help"/>Maturity: the date on which the security matures (expires).</p>
  261.   <p class="Paragraph"><help:paragraphinfo state="U" number="148" xmlns:help="http://openoffice.org/2000/help"/>Price: the price (purchase price) of the security per 100 currency units of par value.</p>
  262.   <p class="Paragraph"><help:paragraphinfo state="U" number="149" xmlns:help="http://openoffice.org/2000/help"/>Redemption: the redemption value per 100 currency units of par value.</p>
  263.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="66874" Eid="basis" xmlns:help="http://openoffice.org/2000/help"/>
  264.   <p class="Head3"><help:paragraphinfo state="U" number="150" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  265.   <p class="Paragraph"><help:paragraphinfo state="U" number="151" xmlns:help="http://openoffice.org/2000/help"/>A non-interest-bearing security is purchased on 2/15/1999. It matures on 3/1/1999. The price is 99.795 currency units per 100 units of par value, the redemption value is 100 units. The basis is 2. How high is the yield?</p>
  266.   <p class="Paragraph"><help:paragraphinfo state="U" number="152" xmlns:help="http://openoffice.org/2000/help"/>=YIELDDISC("2/15/1999"; "3/1/1999"; 99.795; 100; 2) returns 0.052823 or 5.2823 per cent.</p>
  267.   <p class="Head2"><help:paragraphinfo state="U" number="153" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_AAI_FUNC_YIELDMAT" xmlns:help="http://openoffice.org/2000/help"/><a name="yieldmat"/><help:key-word value="YIELDMAT" tag="kw68336_6" xmlns:help="http://openoffice.org/2000/help"/>YIELDMAT</p>
  268.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="65630" Eid="add" xmlns:help="http://openoffice.org/2000/help"/>
  269.   <p class="Paragraph"><help:paragraphinfo state="U" number="154" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help">Calculates the annual yield of a security, the interest of which is paid on the date of maturity.</help:help-text></p>
  270.   <p class="Head3"><help:paragraphinfo state="U" number="155" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  271.   <p class="Paragraph"><help:paragraphinfo state="U" number="156" xmlns:help="http://openoffice.org/2000/help"/>YIELDMAT(Settlement;Maturity;Issue;Rate;Price;Basis)</p>
  272.   <p class="Paragraph"><help:paragraphinfo state="U" number="157" xmlns:help="http://openoffice.org/2000/help"/>Settlement: the date of purchase of the security.</p>
  273.   <p class="Paragraph"><help:paragraphinfo state="U" number="158" xmlns:help="http://openoffice.org/2000/help"/>Maturity: the date on which the security matures (expires).</p>
  274.   <p class="Paragraph"><help:paragraphinfo state="U" number="159" xmlns:help="http://openoffice.org/2000/help"/>Issue: the date of issue of the security.</p>
  275.   <p class="Paragraph"><help:paragraphinfo state="U" number="160" xmlns:help="http://openoffice.org/2000/help"/>Rate: the interest rate of the security on the issue date.</p>
  276.   <p class="Paragraph"><help:paragraphinfo state="U" number="161" xmlns:help="http://openoffice.org/2000/help"/>Price: the price (purchase price) of the security per 100 currency units of par value.</p>
  277.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="66874" Eid="basis" xmlns:help="http://openoffice.org/2000/help"/>
  278.   <p class="Head3"><help:paragraphinfo state="U" number="162" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  279.   <p class="Paragraph"><help:paragraphinfo state="U" number="163" xmlns:help="http://openoffice.org/2000/help"/>A security is purchased on 3/15/1999. It matures on 11/3/1999. The issue date was 11/8/1998. The rate of interest is 6.25%, the price is 100.0123 units. The basis is 0. How high is the yield?</p>
  280.   <p class="Paragraph"><help:paragraphinfo state="U" number="164" xmlns:help="http://openoffice.org/2000/help"/>=YIELDMAT("3/15/1999"; "11/3/1999"; "11/8/1998"; 0.0625; 100.0123; 0) returns 0.060954 or 6.0954 per cent.</p>
  281.   <p class="Head2"><help:paragraphinfo state="U" number="330" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_FUNC_RMZ" xmlns:help="http://openoffice.org/2000/help"/><a name="rmz"/><help:key-word value="calculating; annuity" tag="kw68336_21" xmlns:help="http://openoffice.org/2000/help"/><help:key-word value="PMT" tag="kw68336_20" xmlns:help="http://openoffice.org/2000/help"/>PMT</p>
  282.   <p class="Paragraph"><help:paragraphinfo state="U" number="331" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help">Returns the periodic payment for an annuity with constant interest rates.</help:help-text></p>
  283.   <p class="Head3"><help:paragraphinfo state="U" number="332" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  284.   <p class="Paragraph"><help:paragraphinfo state="U" number="333" xmlns:help="http://openoffice.org/2000/help"/>PMT(Rate; NPER; PV; FV; Type)</p>
  285.   <p class="Paragraph"><help:paragraphinfo state="U" number="334" xmlns:help="http://openoffice.org/2000/help"/>Rate: the periodic interest rate.</p>
  286.   <p class="Paragraph"><help:paragraphinfo state="U" number="335" xmlns:help="http://openoffice.org/2000/help"/>NPER: the number of periods in which annuity is paid.</p>
  287.   <p class="Paragraph"><help:paragraphinfo state="U" number="336" xmlns:help="http://openoffice.org/2000/help"/>PV: the present value (cash value) in a sequence of payments.</p>
  288.   <p class="Paragraph"><help:paragraphinfo state="U" number="337" xmlns:help="http://openoffice.org/2000/help"/>FV (optional): the desired value (future value) to be reached at the end of the periodic payments.</p>
  289.   <p class="Paragraph"><help:paragraphinfo state="U" number="338" xmlns:help="http://openoffice.org/2000/help"/>Type (optional): the due date for the periodic payments. Type=1 is payment at the beginning and Type=0 is payment at the end of each period.</p>
  290.   <p class="Head3"><help:paragraphinfo state="U" number="339" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  291.   <p class="Paragraph"><help:paragraphinfo state="U" number="340" xmlns:help="http://openoffice.org/2000/help"/>What are the periodic payments at a yearly interest rate of 1.99% if the payment time is 3 years and the cash value is 25,000 currency units. There are 36 months as 36 payment periods, and the interest rate per payment period is 1.99%/12.</p>
  292.   <p class="Paragraph"><help:paragraphinfo state="U" number="341" xmlns:help="http://openoffice.org/2000/help"/>PMT(1.99%/12;36;25000) = -715.96 currency units. The periodic monthly payment is therefore 715.96 currency units.</p>
  293.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="65630" Eid="siehe" xmlns:help="http://openoffice.org/2000/help"/>
  294.   <p class="Paragraph"><help:paragraphinfo state="U" number="342" xmlns:help="http://openoffice.org/2000/help"/><help:link Id="66877" Eid="bw" xmlns:help="http://openoffice.org/2000/help">PV</help:link>, <help:link Id="68336" Eid="kapz" xmlns:help="http://openoffice.org/2000/help">PPMT</help:link>, <help:link Id="68335" Eid="zins" xmlns:help="http://openoffice.org/2000/help">RATE</help:link>, <help:link Id="68335" Eid="zinsz" xmlns:help="http://openoffice.org/2000/help">IPMT</help:link>, <help:link Id="68335" Eid="zw" xmlns:help="http://openoffice.org/2000/help">FV</help:link>, <help:link Id="68335" Eid="zzr" xmlns:help="http://openoffice.org/2000/help">DPER</help:link>.</p>
  295.   <p class="Head2"><help:paragraphinfo state="U" number="58" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_AAI_FUNC_TBILLEQ" xmlns:help="http://openoffice.org/2000/help"/><a name="tbilleq"/><help:key-word value="TBILLEQ" tag="kw68336_5" xmlns:help="http://openoffice.org/2000/help"/>TBILLEQ</p>
  296.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="65630" Eid="add" xmlns:help="http://openoffice.org/2000/help"/>
  297.   <p class="Paragraph"><help:paragraphinfo state="U" number="59" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help">Calculates the annual return on a treasury bill (<help:key-word value="treasury bill" tag="kw68336_4"/>treasury bill).</help:help-text> A treasury bill is purchased on the settlement date and sold at the full par value on the maturity date, that must fall within the same year. A discount is deducted from the purchase price.</p>
  298.   <p class="Head3"><help:paragraphinfo state="U" number="60" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  299.   <p class="Paragraph"><help:paragraphinfo state="U" number="61" xmlns:help="http://openoffice.org/2000/help"/>TBILLEQ(Settlement;Maturity;Discount)</p>
  300.   <p class="Paragraph"><help:paragraphinfo state="U" number="62" xmlns:help="http://openoffice.org/2000/help"/>Settlement: the date of purchase of the security.</p>
  301.   <p class="Paragraph"><help:paragraphinfo state="U" number="63" xmlns:help="http://openoffice.org/2000/help"/>Maturity: the date on which the security matures (expires).</p>
  302.   <p class="Paragraph"><help:paragraphinfo state="U" number="64" xmlns:help="http://openoffice.org/2000/help"/>Discount: the percentage discount on acquisition of the security.</p>
  303.   <p class="Head3"><help:paragraphinfo state="U" number="65" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  304.   <p class="Paragraph"><help:paragraphinfo state="U" number="66" xmlns:help="http://openoffice.org/2000/help"/>Settlement date: March 31 1999, maturity date: June 1 1999, discount: 9.14 per cent.</p>
  305.   <p class="Paragraph"><help:paragraphinfo state="U" number="67" xmlns:help="http://openoffice.org/2000/help"/>The return on the treasury bill corresponding to a security is worked out as follows:</p>
  306.   <p class="Paragraph"><help:paragraphinfo state="U" number="68" xmlns:help="http://openoffice.org/2000/help"/>=TBILLEQ("3/31/99";"6/1/99"; 0.0914) returns 0.094151 or 9.4151 per cent.</p>
  307.   <p class="Head2"><help:paragraphinfo state="U" number="69" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_AAI_FUNC_TBILLPRICE" xmlns:help="http://openoffice.org/2000/help"/><a name="tbillprice"/><help:key-word value="TBILLPRICE" tag="kw68336_3" xmlns:help="http://openoffice.org/2000/help"/>TBILLPRICE</p>
  308.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="65630" Eid="add" xmlns:help="http://openoffice.org/2000/help"/>
  309.   <p class="Paragraph"><help:paragraphinfo state="U" number="70" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help">Calculates the price of a treasury bill per 100 currency units.</help:help-text></p>
  310.   <p class="Head3"><help:paragraphinfo state="U" number="71" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  311.   <p class="Paragraph"><help:paragraphinfo state="U" number="72" xmlns:help="http://openoffice.org/2000/help"/>TBILLPRICE(Settlement;Maturity;Discount)</p>
  312.   <p class="Paragraph"><help:paragraphinfo state="U" number="73" xmlns:help="http://openoffice.org/2000/help"/>Settlement: the date of purchase of the security.</p>
  313.   <p class="Paragraph"><help:paragraphinfo state="U" number="74" xmlns:help="http://openoffice.org/2000/help"/>Maturity: the date on which the security matures (expires).</p>
  314.   <p class="Paragraph"><help:paragraphinfo state="U" number="75" xmlns:help="http://openoffice.org/2000/help"/>Discount: the percentage discount upon acquisition of the security.</p>
  315.   <p class="Head3"><help:paragraphinfo state="U" number="76" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  316.   <p class="Paragraph"><help:paragraphinfo state="U" number="77" xmlns:help="http://openoffice.org/2000/help"/>Settlement date: March 31 1999, maturity date: June 1 1999, discount: 9 per cent.</p>
  317.   <p class="Paragraph"><help:paragraphinfo state="U" number="78" xmlns:help="http://openoffice.org/2000/help"/>The price of the treasury bill is worked out as follows:</p>
  318.   <p class="Paragraph"><help:paragraphinfo state="U" number="79" xmlns:help="http://openoffice.org/2000/help"/>=TBILLPRICE("3/31/99";"6/1/99"; 0.09) returns 98.45.</p>
  319.   <p class="Head2"><help:paragraphinfo state="U" number="80" xmlns:help="http://openoffice.org/2000/help"/><help:help-id value="HID_AAI_FUNC_TBILLYIELD" xmlns:help="http://openoffice.org/2000/help"/><a name="tbillyield"/><help:key-word value="TBILLYIELD" tag="kw68336_2" xmlns:help="http://openoffice.org/2000/help"/>TBILLYIELD</p>
  320.   <help:paragraphinfo state="E" xmlns:help="http://openoffice.org/2000/help"/><help:embedded Id="65630" Eid="add" xmlns:help="http://openoffice.org/2000/help"/>
  321.   <p class="Paragraph"><help:paragraphinfo state="U" number="81" xmlns:help="http://openoffice.org/2000/help"/><help:help-text value="visible" xmlns:help="http://openoffice.org/2000/help">Calculates the yield of a treasury bill.</help:help-text></p>
  322.   <p class="Head3"><help:paragraphinfo state="U" number="82" xmlns:help="http://openoffice.org/2000/help"/>Syntax</p>
  323.   <p class="Paragraph"><help:paragraphinfo state="U" number="83" xmlns:help="http://openoffice.org/2000/help"/>TBILLYIELD(Settlement;Maturity;Price)</p>
  324.   <p class="Paragraph"><help:paragraphinfo state="U" number="84" xmlns:help="http://openoffice.org/2000/help"/>Settlement: the date of purchase of the security.</p>
  325.   <p class="Paragraph"><help:paragraphinfo state="U" number="85" xmlns:help="http://openoffice.org/2000/help"/>Maturity: the date on which the security matures (expires).</p>
  326.   <p class="Paragraph"><help:paragraphinfo state="U" number="86" xmlns:help="http://openoffice.org/2000/help"/>Price: the price (purchase price) of the treasury bill per 100 currency units of par value.</p>
  327.   <p class="Head3"><help:paragraphinfo state="U" number="87" xmlns:help="http://openoffice.org/2000/help"/>Example</p>
  328.   <p class="Paragraph"><help:paragraphinfo state="U" number="88" xmlns:help="http://openoffice.org/2000/help"/>Settlement date: March 31 1999, maturity date: June 1 1999, price: 98.45 currency units.</p>
  329.   <p class="Paragraph"><help:paragraphinfo state="U" number="89" xmlns:help="http://openoffice.org/2000/help"/>The yield of the treasury bill is worked out as follows:</p>
  330.   <p class="Paragraph"><help:paragraphinfo state="U" number="90" xmlns:help="http://openoffice.org/2000/help"/>=TBILLYIELD("3/31/99";"6/1/99"; 98.45) returns 0.091417 or 9.1417 per cent.</p>
  331.   <p class="Paragraph"><help:paragraphinfo state="U" number="345" xmlns:help="http://openoffice.org/2000/help"/><help:link Id="66877" xmlns:help="http://openoffice.org/2000/help">Back to Financial Functions Part One</help:link></p>
  332.   <p class="Paragraph"><help:paragraphinfo state="U" number="346" xmlns:help="http://openoffice.org/2000/help"/><help:link Id="68335" xmlns:help="http://openoffice.org/2000/help">Forward to Financial Functions Part Three</help:link></p>
  333.  </body></html>