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MIRR# Function Details
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MIRR# returns the modified internal rate of return for a series of periodic
cash flows (payments and receipts).
MIRR# (valuearray#(), valuecount%, fin-rate#, reinv-rate#, status%)
■ The argument valuearray#() must contain at least one negative value
(a payment) and one positive value (a receipt).
■ The arguments fin-rate# and reinv-rate# are percentages expressed as
decimal values (for example, 12% is expressed as .12).
■ The argument status% can be any variable that returns information
about the success or failure of the calculation. The value of status%
will be 0 if the calculation was successful, and 1 if it was not.
Usage Notes
■ MIRR# returns the modified internal rate of return. MIRR# considers
both the cost of the investment (finrate#) and the interest received
on reinvestment of cash (reinv-rate#).
■ MIRR# uses the order of values within the array to interpret the order
of payments and receipts. Be sure to enter your payment and receipt
values in the correct sequence.
■ The formula for MIRR# is found in the BASIC Language Reference
manual.
Important
■ To use MIRR# in the QBX environment, use the FINANCER.QLB Quick
library. To use MIRR# outside the QBX environment, link your program
with the appropriate FINANCxx.LIB file. Depending on the compiler
options you chose when you installed BASIC, one or more of the
following files will be available:
Filename Compiler options
════════════ ═════════════════════════════════════════════
FINANCER.LIB 80x87 or emulator math; DOS or OS/2 real mode
FINANCAR.LIB Alternate math; DOS or OS/2 real mode
FINANCEP.LIB 80x87 or emulator math, OS/2 protected mode
FINANCAP.LIB Alternate math; OS/2 protected mode
■ The FINANC.BI header file contains the necessary function
declarations for MIRR#.
■ For more information on using libraries, see "Creating and Using
Quick Libraries" and "Using LINK and LIB" in the BASIC Programmer's
Guide.