Definition. This function determines the repayment amount of a deposit resulting from a simple anticipative deduction of accrued interest.
Settlement (required) The day on which the deposit (investment on the buyer side, borrowing on the seller side) is made
Maturity (required) The date when the repayment of the deposit takes place
Investment (required) The amount of the deposit (the loan)
Discount (required) Specifies the percentage of the discount rate
Basis (optional) Defines the method you want to use for determining the days in the year according to Table 15-2, shown earlier
All function arguments that concern a date use the date without the time; that is, fractions ...