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Formula Generator - DURATION function

The DURATION function calculates the number of compounding periods required for an investment of a specified present value appreciating at a given rate to reach a target value. It takes into account the settlement date, maturity date, interest rate, yield, compounding frequency, and optional day count convention.
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How to generate an DURATION formula using AI.

To get the DURATION formula, you can ask the AI chatbot the following question: "What Excel formula can I use to calculate the duration of an investment with a given interest rate, present value, future value, and number of coupon payments per year?"

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Step 1: Describe Your Formula
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Step 2: Copy Syntax

DURATION formula syntax.

The DURATION function in Excel calculates the Macaulay duration of a security, which is a measure of its price sensitivity to changes in interest rates. The syntax for the DURATION function is: DURATION(settlement, maturity, coupon, yld, frequency, [basis]) - settlement: The settlement date of the security. - maturity: The maturity date of the security. - coupon: The annual coupon rate of the security. - yld: The annual yield of the security. - frequency: The number of coupon payments per year. - [basis]: Optional argument that specifies the day count basis to use for calculations. Note that the settlement and maturity dates should be valid Excel dates, and the coupon, yield, and frequency should be numeric values. The basis argument is optional and defaults to 0 if not provided. The DURATION function returns the Macaulay duration of the security, which represents the weighted average time until the security's cash flows are received. It is expressed in years and can help investors assess the interest rate risk associated with a bond or other fixed-income security.

Use Cases & Examples In these use cases, we use the DURATION formula to calculate the duration between two dates or times. The DURATION formula takes into account the start date/time, end date/time, and any additional parameters such as the number of working days or holidays to exclude. It returns the duration in the specified time unit, such as days, hours, or minutes.
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Provide Clear Context When describing your requirements to the AI, provide clear and concise context about the data you have, the specific task you want to accomplish, and any relevant constraints or conditions. This helps the AI understand the problem accurately.
Include Key Details Include important details such as column names, data ranges, and specific criteria that need to be considered in the formula. The more precise and specific you are, the better the AI can generate an appropriate formula.
Use Examples If possible, provide examples or sample data to illustrate the desired outcome. This can help the AI better understand the pattern or logic you are looking for in the formula.
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FAQ
What is the DURATION function in Excel?
How do I use the DURATION function in Excel?
What is the settlement argument in the DURATION function?
What is the maturity argument in the DURATION function?
What is the coupon argument in the DURATION function?