MIRR(values, finance_rate, reinvest_rate)
Returns the internal rate of return for a series of unequal cash flows at regular intervals (explicit reinvestment rate).
|values||A series of cash flows.|
|finance_rate||The interest rate you pay on the money used in the cash flows.|
|reinvest_rate||The interest rate you receive on the cash flows as you reinvest them.|
|* This function takes into account the cost of borrowed money and assumes resulting cash flows are invested.|
* This function assumes all payments are at the end of each period.
* Every cash flow occurs at the end of each period except for the first cash flow, which is at the beginning (check).
* A negative number represents any cash you pay out.
* A positive number represents any cash you receive (start with or end with).
* The "values" series must contain at least one positive value and one negative value. Example ??
* Any cells that contain zero will be included.
* If an array or reference argument contains text, logical values, or empty cells, those values are ignored.
* This function uses the order of values to interpret the order of cash flows.
* You can use the RATE function to return the interest rate for a series of equal cash flows at regular intervals.
* You can use the IRR function to return the interest rate for a series of unequal cash flows at regular intervals (implicit reinvestment rate).
* You can use the XIRR function to return the interest rate for a series of unequal cash flows at irregular intervals.
* The equivalent VBA function is MIRR
* For the Microsoft documentation refer to support.office.com
|5 - What annual interest rate have you received - all the cash flows are positive|
8 - If "values" does not contain at least one positive and one negative value then #DIV/0! is returned
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