VB .NET Language in a Nutshell

Name

MIRR Function

Class

Microsoft.VisualBasic.Financial

Syntax

MIRR(valuearray(  ), financerate, reinvestrate)

valuearray ( )

Use: Required

Data Type: Array of Double

An array of cash flow values

financerate

Use: Required

Data Type: Double

The interest rate paid as the cost of financing

reinvestrate

Use: Required

Data Type: Double

The interest rate received on gains from cash investment

Return Value

A Double representing the modified internal rate of return

Description

Calculates the modified internal rate of return, which is the internal rate of return when payments and receipts are financed at different rates

Rules at a Glance

• valuearray must be a one-dimensional array that contains at least one negative value (a payment) and one positive value (a receipt). The order of elements within the array should reflect the order in which payments and receipts occur.

• financerate and reinvestrate are percentages expressed as decimal values. For example, 10% is expressed as 0.10.

Programming Tips and Gotchas

Each element of valuearray represents a payment or a receipt that occurs at a regular time interval. If this is not the case, MIRR will return erroneous results.

See Also

IRR Function