MIRR Function

The MIRR function is one of the financial functions. It is used to calculate the modified internal rate of return for a series of periodic cash flows.

The MIRR function syntax is:

MIRR(values, finance-rate, reinvest-rate)

where

values is an array that contains the series of payments occuring at regular periods. At least one of the values must be negative and at least one positive.

finance-rate is the interest rate paid on the money used in the cash flows.

reinvest-rate is the interest rate received on the cash reinvestment.

The numeric values can be entered manually or included into the cell you make reference to.

To apply the MIRR function,

1. select the cell where you wish to display the result,
2. click the Insert Function icon situated at the top toolbar,
   or right-click within a selected cell and select the Insert Function option from the menu,
   or click the icon situated at the formula bar,
3. select the Financial function group from the list,
4. click the MIRR function,
5. enter the required arguments separating them by commas,
6. press the Enter button.

The result will be displayed in the selected cell.