Skip to content
Google Sheets

RECEIVED function in Google Sheets

Calculates the amount received at maturity for an investment in fixed-income securities purchased on a given date.

=RECEIVED(settlement, maturity, investment, discount, [day_count_convention])

RECEIVED syntax and parameters

Five arguments, four required.

  • settlementanyRequired

    The settlement date of the security, the date after issuance when the security is delivered to the buyer.

  • maturityanyRequired

    The maturity or end date of the security, when it can be redeemed at face or par value.

  • investmentnumberRequired

    The amount invested (irrespective of face value of each security).

  • discountnumberRequired

    The discount rate of the security invested in.

  • day_count_conventionnumberOptional

    [ OPTIONAL - 0 by default ] - An indicator of what day count method to use. 0 indicates US (NASD) 30/360 - This assumes 30 day months and 360 day years as per the National Association of Securities Dealers standard, and performs specific adjustments to entered dates which fall at the end of months. 1 indicates Actual/Actual - This calculates based upon the actual number of days between the specified dates, and the actual number of days in the intervening years. Used for US Treasury Bonds and Bills, but also the most relevant for non-financial use. 2 indicates Actual/360 - This calculates based on the actual number of days between the specified dates, but assumes a 360 day year. 3 indicates Actual/365 - This calculates based on the actual number of days between the specified dates, but assumes a 365 day year. 4 indicates European 30/360 - Similar to 0, this calculates based on a 30 day month and 360 day year, but adjusts end-of-month dates according to European financial conventions.

RECEIVED examples

Formulas you'll actually reuse.

  1. 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)

    Result100000

  2. The interest earned in cash terms:

    =RECEIVED(B2, C2, D2, E2, 2) - D2

RECEIVED in Excel

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.

Loading the editor…

Related functions

More ways Google Sheets gets this done.