Sample Workbook to Calculate IRR in Excel

The workbook shows how to calculate the internal rate of return in Excel manually and by using the IRR, XIRR
and MIRR functions.

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Examples:
• Manual IRR calculation
• IRR formula
• XIRR formula
• MIRR formula
• Internal rate of return template
mple Workbook to Calculate IRR in Excel
rkbook shows how to calculate the internal rate of return in Excel manually and by using the IRR, XIRR
RR functions.

Ablebits.com
9-Jul-19
How to calculate IRR in Excel with formulas, template and Goal Seek

IRR calculation
mula
mula
rmula
rate of return template
 Period Cash flow PV IRR 10.00% << Put your guess in F1 such that F2 =0
Initial investment -$1,000 -$1,000 NPV $0.00
1 $500 $454.55
2 $660 $545.45
F1 such that F2 =0
Period Cash flow IRR 12.01%
Initial investment -$1,000
Year 1 $100
Year 2 $200
Year 3 $300
Year 4 $400
Year 5 $500
Period Cash flow Date XIRR 11.52%
Initial investment -$1,000 1/1/2015
Year 1 $100 1/30/2016
Year 2 $200 2/1/2017
Year 3 $300 3/1/2018
Year 4 $400 1/1/2019
Year 5 $500 4/15/2020
Period Cash flow Finance rate 12%
Initial investment -$1,000 Reinvest rate 8%
Year 1 $100
Year 2 $200 MIRR 10.80%
Year 3 $300
Year 4 $400
Year 5 $500
Cash flow Date Finance rate 12%
-$1,000 01-Jan-15 Reinvest rate 8%
$100 01-Jan-16
$200 01-Jan-17 IRR 12.01%
$300 01-Jan-18 XIRR 12.00%
$400 01-Jan-19 MIRR 11.10%
$500 01-Jan-20