How to Calculate Modified Internal Rate of Return?
Modified Internal Rate of Return calculator uses Modified Internal Rate of Return = 3*((Present Value/Cash Outlay)^(1/Number of Years)*(1+Interest)-1) to calculate the Modified Internal Rate of Return, The Modified Internal Rate of Return formula is defined as a financial metric used to evaluate the profitability of an investment or project. Modified Internal Rate of Return is denoted by MIRR symbol.
How to calculate Modified Internal Rate of Return using this online calculator? To use this online calculator for Modified Internal Rate of Return, enter Present Value (PV), Cash Outlay (PV_{O}), Number of Years (t) & Interest (I) and hit the calculate button. Here is how the Modified Internal Rate of Return calculation can be explained with given input values -> 6.608738 = 3*((10/972.13)^(1/5)*(1+7)-1).