Returns the internal rate of return for a schedule of cash flows.

Namespace: Imsl.Finance
Assembly: ImslCS (in ImslCS.dll) Version: 6.5.0.0

Syntax

C#
public static double Xirr(
	double[] pmt,
	DateTime[] dates
)
Visual Basic (Declaration)
Public Shared Function Xirr ( _
	pmt As Double(), _
	dates As DateTime() _
) As Double
Visual C++
public:
static double Xirr(
	array<double>^ pmt, 
	array<DateTime>^ dates
)

Parameters

pmt
Type: array< System..::.Double >[]()[]
A double array which contains cash flow values which correspond to a schedule of payments in dates.
dates
Type: array< System..::.DateTime >[]()[]
A DateTime array which contains a schedule of payment dates.

Return Value

A double which specifies the internal rate of return.

Remarks

It is not necessary that the cash flows be periodic. It can be found by solving the following:

0 = \sum\limits_{i = 1}^{\it count} {{{{\it value}_i } \over {\left( {1 + {\it rate}} \right)^{{{d_i - d_1 } \over {365}}} }}}

In the equation above, d_i represents the ith payment date. d_1 represents the 1st payment date. {\it value} represents the ith cash flow. {\it rate} is the internal rate of return.

See Also