MIRR function
Returns the internal rate of return where positive and negative cash flows are financed at different rates
Syntax
MIRR(values, finance_rate, reinvest_rate)Square brackets indicate optional arguments.
Arguments
| Argument | Required | Meaning |
|---|---|---|
| values | Yes | An array or a reference to cells that contain numbers. These numbers represent a series of payments (negative values) and income (positive values) occurring at regular periods.
1.Values must contain at least one positive value and one negative value to calculate the modified internal rate of return. Otherwise, MIRR returns the #DIV/0! error value.
2.If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the value zero are included.A1:A4 |
| finance_rate | Yes | The interest rate you pay on the money used in the cash flows.10% |
| reinvest_rate | Yes | The interest rate you receive on the cash flows as you reinvest them.12% |
Try MIRR
Use separate financing and reinvestment rates
=MIRR(A2:A5,B2,C2)Discount the two negative cash flows at 8% to time zero. Compound positive receipts at 10% to the end, giving 1460. MIRR is the three-period growth rate between those two amounts.
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MIRR · top-level call
=MIRR(A2:A5,B2,C2)1 / 3 · values
An array or a reference to cells that contain numbers. These numbers represent a series of payments (negative values) and income (positive values) occurring at regular periods. 1.Values must contain at least one positive value and one negative value to calculate the modified internal rate of return. Otherwise, MIRR returns the #DIV/0! error value. 2.If an array or reference argument contains text, logical values, or empty cells, those values are ignored; however, cells with the value zero are included.
MIRR reference ↗Follow the cells behind a result
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Reference and compatibility
Univer 1.0.4 / Apache-2.0. Calculation checks cover the supplied examples only. The browser worksheet does not implement every Excel feature, external service or connected data type.