Difference between revisions of "Documentation/How Tos/Calc: MIRR function"

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: where A1:A4 contain -5000, 1000, 2000, 3000, returns approximately <tt>'''8.16%'''</tt>.
 
: where A1:A4 contain -5000, 1000, 2000, 3000, returns approximately <tt>'''8.16%'''</tt>.
  
=== See also: ===
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{{Documentation/SeeAlso|
[[Documentation/How_Tos/Calc: IRR function|'''IRR''']],
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* [[Documentation/How_Tos/Calc: IRR function|IRR]],
[[Documentation/How_Tos/Calc: NPV function|'''NPV''']],
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* [[Documentation/How_Tos/Calc: NPV function|NPV]],
[[Documentation/How_Tos/Calc: XIRR function|'''XIRR''']],
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* [[Documentation/How_Tos/Calc: XIRR function|XIRR]],
[[Documentation/How_Tos/Calc: XNPV function|'''XNPV''']]
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* [[Documentation/How_Tos/Calc: XNPV function|XNPV]]
  
[[Documentation/How_Tos/Calc: Financial functions|'''Financial functions''']]
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* [[Documentation/How_Tos/Calc: Financial functions|Financial functions]]
  
[[Documentation/How_Tos/Calc: Functions listed alphabetically|'''Functions listed alphabetically''']],
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* [[Documentation/How_Tos/Calc: Functions listed alphabetically|Functions listed alphabetically]]
[[Documentation/How_Tos/Calc: Functions listed by category|'''Functions listed by category''']]
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* [[Documentation/How_Tos/Calc: Functions listed by category|Functions listed by category]]}}
  
 
=== Issues: ===
 
=== Issues: ===
 
* This function does not currently accept arrays.
 
* This function does not currently accept arrays.

Revision as of 14:05, 25 February 2009


MIRR

Returns the modified internal rate of return of a series of cash flows.

Syntax:

MIRR(payments; financerate; reinvestrate)

payment is a range containing the payments made or received, at regular intervals.
financerate is the rate of interest you pay per period on outstanding balances.
reinvestrate is the rate of interest you receive per period on invested balances.
At least one of the payments must be negative and at least one positive. The payments are assumed to arise at the start of each period; the order in which the payments are given is important.
MIRR finds the modified internal rate of return from the formula:
(1 + MIRR)n-1 = final_value_of_positive_payments/initial_value_of_negative_payments.

Example:

MIRR(A1:A4; 5%; 8%)

where A1:A4 contain -5000, 1000, 2000, 3000, returns approximately 8.16%.

Template:Documentation/SeeAlso

Issues:

  • This function does not currently accept arrays.
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