Can I modify the YIELD formula to use a monthly frequency?

  • Thread starter Thread starter Guest
  • Start date Start date
G

Guest

I want to use the YIELD function for payments received monthly. Is there a
way to include 12 in the frequency?
 
YIELD(settlement,maturity,rate,pr,redemption,frequency,basis)

Frequency is the number of coupon payments per year. For annual payments,
frequency = 1; for semiannual, frequency = 2; for quarterly, frequency = 4;
for monthly, frequency = 12 .


HTH,
 
While this would make eminent sense, unfortunately, Yield does not support
monthly payments. A frequency of 12 gets you a #Num error.

Many people have requested this enhancement. Hopefully Microsoft will support
this in the next release.
 
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