This how-to guide includes 3 operation topics, all available without membership; use the How-to Index below to jump to the steps you need.
How-to Index
| No. | Topic | Membership Requirement |
|---|---|---|
| 1 | 1. Enter MIRR from the Insert Function dialog | Free |
| 2 | 2. Type the formula directly in a cell | Free |
| 3 | 3. Review the syntax and parameter meanings | Free |
How-to Guide
1. Enter MIRR from the Insert Function dialog
Entry point: Formula tab → Insert Function
- Select the cell where you want to enter the formula.
- Click the fx button in the formula bar, or click Insert Function on the Formula tab.
- Search for MIRR in the dialog box.
- Select the function and click OK.
- Enter each parameter in the Function Arguments dialog.
- Click OK to finish inserting the formula.
Success Criteria
- The selected cell now contains the MIRR function.
- After the dialog closes, the calculation result appears in the cell.
- You can continue editing parameters or copy the formula to other cells.
Tips While Using
- The parameter order should be
values, finance_rate, reinvest_rate.- The cash flow range should include both positive and negative values.
- The cash flow order should match the actual sequence of events.
2. Type the formula directly in a cell
Entry point: Cell → Formula bar
- Select the cell where you want to enter the formula.
- Type
=MIRR(...)directly in the cell or formula bar. - Press Enter to confirm.
- If needed, review the syntax prompt after typing
=MIRR(.
Success Criteria
- The formula has been entered in the cell.
- After you press Enter, the result appears or the formula remains available for editing.
- The full MIRR formula is visible in the formula bar.
Tips While Using
- Separate parameters with English commas.
- If the result looks incorrect, check whether the referenced range contains text or error values.
- When copying the formula in bulk, review relative and absolute references.
3. Review the syntax and parameter meanings
Entry point: Formula tab → Insert Function
- Click Insert Function on the Formula tab.
- Search for MIRR.
- Select the function and review the syntax:
MIRR(values, finance_rate, reinvest_rate). - Check the meanings of the cash flow range, financing rate, and reinvestment rate before calculation.
Success Criteria
- You can see the full MIRR syntax structure.
- You can distinguish the meanings of all three parameters.
- You can continue with formula entry or error checking based on that information.
Tips While Using
valuesis usually a range of periodic cash flow data.finance_rateandreinvest_rateshould be entered as rate values.- If a parameter meaning is unclear, verify the data range before calculating.