MIRR

Returns the modified internal rate of return for a series of periodic cash flows. Considers both the investment cost and interest during reinvestment.

Syntax

MIRR(payments; finance_rate; reinvest_rate)

payments: An array or range containing the payments made or received, at regular intervals. At least one of the payments must be negative and at least one must be positive. Eg., B2:B5
finance_rate: Rate of interest on the invested cost. Eg., 4.3%

reinvest_rate: Rate of interest on the reinvested cost. Eg., 1.2%

Remarks

You can use the XIRR function to find the internal rate of return for cash flows at irregular intervals.

Examples

Formula	Result
=MIRR(B2:B5;C2;D2)	-6.98%
=MIRR(B2:B5;C3;D3)	-7.09%

Get a hands-on experience of the function in the embedded range below.

Possible Errors

Errors	Meaning
#N/A!	The function could not find the value it was asked to look for. Commonly occurs in VLOOKUP and similar functions.
#NAME!	The function name is incorrect or invalid. The given defined name (if any) is invalid. There is a typo in the defined name used in the function. Double quotes are missing for text values in the function. Colon missing in a cell range reference.
#VALUE!	The given argument's data type is incorrect or invalid. For example, the function =DATE(A1:A3) will return a #VALUE error when a text value is present in the range.
#REF!	The given cell reference is incorrect or invalid. This error may occur when a cell/range has been deleted, moved, or pasted over.

Similar Functions

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