RECEIVED Function in Excel: Amount Received at Maturity

RECEIVED Function in Excel: Amount Received at Maturity featured illustration

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⏱ 2 min readUpdated 5 October 2026

FinancialLevel: ExpertAvailable in: Excel 2007+

In this article
  1. Syntax
  2. Examples
  3. Example 1
  4. RECEIVED in practice
  5. Where you will use it
  6. Worked example
  7. Mistakes people make
  8. Related functions
  9. Continue learning

RECEIVED calculates what you get back at maturity for a discounted security.

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Syntax

=RECEIVED(settlement, maturity, investment, discount, [basis])
Argument What it means
discount Discount rate.

Examples

Example 1

=RECEIVED(DATE(2021,4,1), DATE(2021,6,30), 98500, 6%, 3)

Maturity amount on a 90-day bill.

RECEIVED in practice

Where you will use it

  • Maturity amount of a discounted instrument
  • T-bill proceeds
  • CP maturity

Worked example

InvestDiscountFormulaResult
980000.065=ROUND(RECEIVED(DATE(2026,10,1),DATE(2027,1,1),A2,B2,3),2)99632.33
5000000.07=ROUND(RECEIVED(DATE(2026,10,1),DATE(2027,1,1),A3,B3,3),2)508980.37
1000000.06=ROUND(RECEIVED(DATE(2026,10,1),DATE(2027,1,1),A4,B4,3),2)101535.55

Results calculated in Excel.

Mistakes people make

MistakeWhat to do instead
Discount vs yieldUse the discount rate
Basis3 = actual/365

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