RECEIVED function in Excel
Returns the amount received at maturity for a fully invested security
=RECEIVED(settlement, maturity, investment, discount, [basis])RECEIVED syntax and parameters
Five arguments, four required.
- settlementanyRequired
The security's settlement date. The security settlement date is the date after the issue date when the security is traded to the buyer.
- maturityanyRequired
The security's maturity date. The maturity date is the date when the security expires.
- investmentnumberRequired
The amount invested in the security.
- discountnumberRequired
The security's discount rate.
- basisnumberOptional
The type of day count basis to use.
RECEIVED examples
Formulas you'll actually reuse.
What $98,862.50 invested in the bill pays out at maturity:
=RECEIVED(DATE(2026, 3, 15), DATE(2026, 6, 14), 98862.5, 4.5%, 2)Result
100000The interest earned in cash terms:
=RECEIVED(B2, C2, D2, E2, 2) - D2
RECEIVED in Google Sheets
Same name — your formula ports as-is.
Try RECEIVED in the playground
Edit the example — nothing to install.
Preloaded with the RECEIVED formula from Example 1 — change anything and watch it respond.
Related functions
More ways Excel gets this done.
- ACCRINTReturns the accrued interest for a security that pays periodic interestFinancialGoogle Sheets
- ACCRINTMReturns the accrued interest for a security that pays interest at maturityFinancialGoogle Sheets
- AMORDEGRCReturns the depreciation for each accounting period by using a depreciation coefficientFinancialNo Google Sheets equivalent
- AMORLINCReturns the depreciation for each accounting periodFinancialGoogle Sheets
- COUPDAYBSReturns the number of days from the beginning of the coupon period to the settlement dateFinancialGoogle Sheets
- COUPDAYSReturns the number of days in the coupon period that contains the settlement dateFinancialGoogle Sheets