CFI-Excel-eBook

The Corporate Finance Institute Excel
Things to remember about the XIRR Function
1. Numbers in dates are truncated to integers.
2. XNPV and XIRR are closely related. The rate of return calculated by XIRR is
the interest rate corresponding to XNPV = 0.
3. Dates should be entered as references to cells containing dates or values
returned from Excel formulas.
4. #NUM! error – Occurs if either:
1. The values and dates arrays are of different lengths;
2. The given arrays do not contain at least one negative and at least one
positive value;
3. Any of the given dates precedes the first date provided; or
4. The calculation fails to converge after 100 iterations.
5. #VALUE! error – Occurs when either of the dates given cannot be
recognized by Excel as valid dates.
corporatefinanceinstitute.com
77