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MIRR

Returns the modified internal rate of return for a series of periodic cash flows

Syntax

MIRR(values, finance_rate, reinvest_rate)

Parameters

  • values: Required. An array or reference to cells that contain numbers
  • finance_rate: Required. The interest rate you pay on the money used in the cash flows
  • reinvest_rate: Required. The interest rate you receive on the cash flows as you reinvest them

Example

=MIRR({-120000, 39000, 30000, 21000, 37000, 46000}, 0.10, 0.12)
Returns: NumberSince: Excel 2003