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#1
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=RATE(17,1,-5) returns #NUM! but the answer should be about 18.9
Is there a way to get this function to generate the correct answer?
Essentially, I am trying to get the IRR for a cash for of $1 per year for 17 years given a $5 investment. My calculator gives the answer but I want to program into Excel. |
#2
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=RATE(17,1,-5) returns #NUM! but the answer should be about 18.9
One way:
A 1 -5 2 1 3 1 .... 18 1 20 =IRR(A1:A18) === 18.95% Alternatively, =IRR({-5,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1,1}) In article , hapster wrote: Is there a way to get this function to generate the correct answer? Essentially, I am trying to get the IRR for a cash for of $1 per year for 17 years given a $5 investment. My calculator gives the answer but I want to program into Excel. |
#3
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=RATE(17,1,-5) returns #NUM! but the answer should be about 18.9
Another anomaly in the financial functions.
=Rate(17,-1,5) will give you the correct answer (18.95%), but =Rate(17,1,-5) won't. Giving Excel a decent guess solves the problem: =Rate(17,-1,5,0,0,.2) and =Rate(17,1,-5,0,0,.2) both work. My HP12C will returns 18.95% in either case. Amazing that Microsoft can't equal HP's 20-year old technology. Hopefully they'll address this in the next release. -- Regards, Fred "hapster" wrote in message ... Is there a way to get this function to generate the correct answer? Essentially, I am trying to get the IRR for a cash for of $1 per year for 17 years given a $5 investment. My calculator gives the answer but I want to program into Excel. |
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