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Figuring out Interest calculations!
Message
From
08/04/1999 15:32:36
 
General information
Forum:
Visual FoxPro
Category:
Other
Miscellaneous
Thread ID:
00200780
Message ID:
00206624
Views:
18
This is the Internal Rate of Return (IRR in Excel)

There is no straight-forward calculation for this, you basically take a guess at the rate and then perform a Present Value calculation (the formula is in the Excel help file) to see how good your guess is.

Then you revise your guess and try again until you get the accuracy you need.
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