# Manuals/calci/XIRR

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**XIRR (CashFlowEvents,Dates,StartGuess,Accuracy,NoOfIterations)**

- is the array of values.
- is the date value.
- is the starting number is close to the result of XIRR.
- is the accuracy value.
- is the number of iterations.
- XIRR(), returns the internal rate of return for a schedule of cash flows that is not necessarily periodic

## Description

- This function gives the internal rate of return for a series.
- In this function the cash flows that occur at uniform intervals which means that is not necessarily periodic.
- To calculate the internal rate of return for a series in a periodic time ,we can use the IRR function.
- is the when the periodicity between cash flows is not equal.
- function uses the iterative process to calculate the returns, so it is not possible to trial by hand.
- So this is most powerful function in CALCI.
- In , is an values which is the array or a reference to cells that contain numbers for which you want to calculate the internal rate of return.
- must have atleast one positive and one negative value to find the internal rate of return.
- Normally the first payment is optional,so the corresponding payment that occurs at the beginning of the investment.
- Then the first payment should be negative value.
- is the date value which is indicating the schedule of the payment.
- Also the first payment date is the beginning of the schedule of payments.
- And date should entered in DATE function format.
- is the guess which is indicating the number that you guess is close to the result of .
- is the accuracy value .
- is the number of iterations.
- suppose when we are omitting the value of ,by default it will consider as 10.
- The value of can be array or reference argument contains text, logical values or empty cells, the values which are ignored.
- The value is optional, when we are omitting the value,by default it will consider the value as 10%(0.1).
- This function is using iterative technique, so we can't find a result after 100 iterations.
- So the rate is changed until:

di=the ith, or last,payment date. d1=the 0th payment date. Pi=the ith or last payment.

- The rate of return calculated by is the interest rate corresponding to .
- This function will give the result as error when

1. Any date is not a valid date or not in a date function format. 2. Any date is precedes the starting date. 3. Also CashFlowEvents and Dates is having different number of values.

## Examples

A | B | |
---|---|---|

1 | -25000 | 2/1/2012 |

2 | 5700 | 5/12/2012 |

3 | 4900 | 10/28/2012 |

4 | 13500 | 1/16/2013 |

5 | 10000 | 4/3/2013 |

- =XIRR(A1:A5,B1:B5,0,0.1)=0.43578123326
- =XIRR(A1:A5,B1:B5,0,0,2) = 0.43572667130
- =XIRR(A1:A5,B1:B5,1,5,0) =0.18336350930

## Related Videos

## See Also

## References