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IRR Calculation for Monthly Cashflows Demo:

Month 0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20
=IRR(C4:C24,0.1) =C26*12 =(1+C26)^12-1

Cashflows -100,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,000 101,000 1.00% 12.00% 12.68%

Cash outflow or Investment Cash intflow or Return Cash intflow or Return Cash intflow or Return Cash intflow or Return Cash intflow or Return Cash intflow or Return Cash intflow or Return Cash intflow or Return Cash intflow or Return Cash intflow or Return Cash intflow or Return Cash intflow or Return Cash intflow or Return Cash intflow or Return Cash intflow or Return Cash intflow or Return Cash intflow or Return Cash intflow or Return Cash intflow or Return Cash intflow or Return A - IRR of monthly cashflows B - Multiplied by12 (to get Annual stated Rate) C This is the effective IRR or the annualized yield from the cashflow;

Note: The Cashflows must contain at least one positive value and one negative value to calculate MIRR; other

the cashflow;

alue to calculate MIRR; otherwise, MIRR function returns error!