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<h1 id="hd_id3150499" dir="auto">MIRR Function [VBA]</h1>
<p id="par_id3151384" class="paragraph" dir="auto">Calculates the modified internal rate of return of a series of investments.</p>
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<div class="notetext"><p id="par_id051920171018124524" dir="auto">This constant, function or object is enabled with the statement <a target="_top" href="en-US/text/sbasic/shared/03103350.html"><span class="literal">Option VBASupport 1</span></a> placed before the executable program code in a module.</p></div>
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<h3 id="hd_id061420171139089682" dir="auto">Syntax:</h3>
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<div class="bascode" itemscope="true" itemtype="http://schema.org/SoftwareSourceCode" itemprop="codeSampleType" content="snippet" data-tooltip="Click on text to copy to clipboard"><pre dir="auto"><code class="language-visual-basic line-numbers">
MIRR(Values() as Double, Investment as Double, ReinvestRate as Double)
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<h3 id="hd_id061420171139087480" dir="auto">Return value:</h3>
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<p id="par_id3150669" class="paragraph" dir="auto">Double</p>
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<h3 id="hd_id061420171139084157" dir="auto">Parameters:</h3>
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<p id="par_id061420170730135034" class="paragraph" dir="auto"><span class="emph">Values(): </span>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.</p>
<p id="par_id061620170513518949" class="paragraph" dir="auto"><span class="emph">Investment</span>: is the rate of interest of the investments (the negative values of the array).</p>
<p id="par_id061420170730137782" class="paragraph" dir="auto"><span class="emph">ReinvestRate:</span> the rate of interest of the reinvestment (the positive values of the array).</p>
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<h3 id="hd_id3152869" dir="auto">Error codes:</h3>
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<div class="embedded"><p class="embedded" dir="auto">5 Invalid procedure call</p></div>
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<h3 id="hd_id061420171139088233" dir="auto">Example:</h3>
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<div class="bascode" itemscope="true" itemtype="http://schema.org/SoftwareSourceCode" itemprop="codeSampleType" content="snippet" data-tooltip="Click on text to copy to clipboard"><pre dir="auto"><code class="language-visual-basic line-numbers">
REM ***** BASIC *****
Option VBASupport 1
Sub ExampleMIRR
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.
End Sub
</code></pre></div>
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<p id="par_id061420170153186192" class="paragraph" dir="auto"><a target="_top" href="en-US/text/scalc/01/04060119.html#bm_id3148974">MIRR function in CALC</a></p>
<div class="embedded"><p class="embedded" dir="auto"><a target="_top" href="en-US/text/sbasic/shared/special_vba_func.html#VBAFinancial">VBA financial functions</a></p></div>
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