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Formula Generator - TBILLPRICE function

The TBILLPRICE function is used to calculate the price of a US Treasury Bill based on the settlement date, maturity date, and discount rate. It returns the price per $100 face value.
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How to generate an TBILLPRICE formula using AI.

To obtain the TBILLPRICE formula for calculating the price of a Treasury bill, you could ask an AI chatbot the following question: "What is the formula for calculating the price of a Treasury bill?"

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Step 1: Describe Your Formula
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Step 2: Copy Syntax

TBILLPRICE formula syntax.

The TBILLPRICE function in Excel is used to calculate the price of a Treasury bill or T-bill. Its syntax is as follows: TBILLPRICE(settlement, maturity, discount) - settlement: The date on which the T-bill is purchased. - maturity: The date on which the T-bill matures. - discount: The discount rate of the T-bill. The settlement and maturity dates must be valid Excel dates, while the discount rate should be expressed as a decimal. The function returns the price per $100 face value of the T-bill. Example usage: TBILLPRICE("1/1/2022", "6/30/2022", 0.05) This formula calculates the price of a T-bill with a settlement date of January 1, 2022, a maturity date of June 30, 2022, and a discount rate of 5%.

Use Cases & Examples In these use cases, we use the TBILLPRICE formula to calculate the price of a Treasury bill, based on its settlement date, maturity date, discount rate, and redemption value.
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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.
Mention Desired Functionality Clearly articulate the functionality you want the formula to achieve. Specify if you are looking for lookups, calculations, aggregations, or any other specific operations.