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DURATION

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. Learn more

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The DURATION function in Google Sheets calculates the Macaulay duration for an investment that pays periodic interest at a fixed rate. The function takes six arguments:

Settlement: The date when the investment was purchased or sold.

Maturity: The date when the investment will reach maturity.

Rate: The annual interest rate of the investment.

Yield: The annual yield of the investment.

Frequency: The number of times per year that the interest is paid.

Daycountconvention (optional): The day count convention used to calculate the fractional periods between settlement and maturity. If omitted, it defaults to 0 (30/360).

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