# TBILLPRICE: Google Sheets formulas explained

Hey there, fellow spreadsheet enthusiasts! Are you ready to learn about one of my favorite Google Sheets formulas? We're talking about TBILLPRICE, folks! I know, I know, I'm a little too excited about this, but let me tell you, once you get the hang of it, you'll be just as hyped. So, let's dive in.

## What is TBILLPRICE?

First things first, let's define what TBILLPRICE is. TBILLPRICE is a Google Sheets formula that calculates the price of a U.S. Treasury bill. If you're into investing in short-term securities, this will be your go-to formula. It not only helps you calculate the price of your Treasury bills but also helps you compare them with other investment options. Isn't that neat?

## How to use TBILLPRICE

Okay, now that we know what TBILLPRICE is, let's talk about how to use it. Here's the syntax:

`=TBILLPRICE(settlement, maturity, discount)`

Still with me? Great! Let me break down the parameters for you:

• Settlement: This is the date when you're buying the Treasury bill. You can enter this directly in the formula or reference a cell that contains the date.
• Maturity: This is the maturity date of the Treasury bill. Again, you can enter this directly in the formula or reference a cell that contains the date.
• Discount: This is the discount rate of the Treasury bill. You can enter this as a percentage (e.g. 0.25%) or as a decimal (e.g. 0.0025).

Once you have all the parameters in place, hit enter, and voila! You get the price of your Treasury bill. Pretty cool, huh?

## Real-world application: Example

Okay, let's put TBILLPRICE to work with a real-world example. Let's say you're considering investing in a 91-day Treasury bill. You plan to buy it on June 1, 2022, and it matures on September 1, 2022. The discount rate is 0.25%. Here's how you can use TBILLPRICE to calculate the price:

`=TBILLPRICE("6/1/2022", "9/1/2022", 0.25%)`

Hit enter, and you get the price of your Treasury bill. Simple, isn't it?

## Conclusion

Well, that's it, folks! We've covered TBILLPRICE, one of my favorite Google Sheets formulas. As you can see, it's a powerful tool for anyone who invests in short-term securities. With just a few parameters, you can get the price of your Treasury bills and compare them with other investment options. And who knows? Maybe someday, you'll be just as excited as I am about TBILLPRICE. Happy investing!