MIRR Function [VBA]
Calculates the modified internal rate of return of a series of investments.
MIRR(Values() as Double, Investment as Double, ReinvestRate as Double)
Values(): An array of cash flows, representing a series of payments and income, where negative values are treated as payments and positive values are treated as income. This array must contain at least one negative and at least one positive value.
Investment: is the rate of interest of the investments (the negative values of the array).
ReinvestRate: the rate of interest of the reinvestment (the positive values of the array).
REM ***** BASIC *****
Option VBASupport 1
Dim cashFlow(0 to 3) As Double
cashFlow(0) = -5
cashFlow(1) = 10
cashFlow(2) = 15
cashFlow(3) = 8
mirrValue = MIRR(cashFlow,0.5,0.1) * 100
Print mirrValue ' returns 94.16. The modified internal rate of return of the cash flow.