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How to calculate CAGR for mutual fund performance using XIRR
Using Excel 2003. I am getting results that does not seem correct. I am
entering the beginning fund balance with a negative sign in cell A2 and the increase in fund values each year in cells A3 to A5. Dates are all 12/31/xx using DATE in cells B2 to B5. Values are -8580, 2004, 619, 464 and the result is 46.82% Using CAGR calculation in Investopedia.com I get 10.78% What am I doing wrong in ExceL? Thanks |
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