Result window
Android: Use this MIRR calculator offline with our TVM financial calculator app.
MIRR calculation
We use the same formula as implemented in MS-Excel for calculating modified internal rate of return. The formula of MIRR is:
where, n is the number of cash flows
Both the finance rate frate and reinvestment rate rrate are periodic rates. In this calculator, you enter rates as annual percentage rate; they will be automatically converted to their equivalent periodic rate depending on the frequency of payment.
For explanation of MIRR function, refer this MS-excel document.