Software Venture Consulting

FileMaker Pro downloads & Resources
FileMaker Custom Functions
FileMaker Web Viewer Examples
FileMaker Pro & Lasso Consulting
Training
FileMaker Books
FileMaker Articles
FileMaker Error Reference

Free Web Tools
Free FileMaker Tools

Personal Pages
Videos
Adventures
Links

Shopping Cart
Shopping Cart

Search:

Free Newsletter
Signup


Contact


Privacy Policy



FileMaker is a registered trademark of FileMaker, Inc. in the U.S. and other countries.

 

 FileMaker Pro Custom Functions

List  |  Show Random  |  Upload  |  Add This to Your Site

IRR ( cashFlowsList ; guessRate )

Rate this function:  

RatingRatingRatingRatingRating
  Average rating: 4.3  (36 votes)
  Discuss this Custom Function

Lewis C. Lorenz, Lorenz Companies
http://www.LorenzCom.com/software

Calculate Internal Rate of Return of a value list of cash flows with an initial guessed rate-of-return, using the Newton-Raphson method.

Sample Input:
IRR ( "-500000¶200000¶300000¶200000", .1 )
IRR ( List ( -2000, 600, 300, 500, 700, 400 ), .05 )
IRR ( List ( -5000, 10000, 0, 10000, 10000 ), .1 )
Sample Output:
.1882462096837047
.0793216878811758
1.4633789720926647


 Then copy & paste into FileMaker Advanced's Edit Custom Function window.

Click here to copy To Clip Manager if you have myFMbutler's Clip Manager installed

Description:

IRR ( cashFlowsList, guessRate )

Created: 4-5-2013
Modified: 1-3-2014
Author: Lewis C. Lorenz

Calculate Internal Rate of Return of a value list of cash flows (cashFlowsList) using an initial guessed rate of return (guessRate). The parameter guessRate defaults to .0001 if initially blank.

This function uses the Newton-Raphson method for speed and calculates to a modifiable decimal precision - presently set at 1.0e-7. The C source code from which this custom function was derived is included in the comments.

Examples:
IRR ( "-500000¶200000¶300000¶200000", .1 ) = .1882462096837047
IRR ( List ( -2000, 600, 300, 500, 700, 400 ), .05 ) = .0793216878811758
IRR ( List ( -5000, 10000, 0, 10000, 10000 ), .1 ) = 1.4633789720926647

DISCLAIMER: Using this IRR function, several calculations were compared against the results obtained on other IRR calculators and the results matched. However, that does not guarantee a correct result in every operation of this custom function, so you assume this risk when you use it.

NOTICE: This is a recursive function. If you change the function name then also change it in the function code.

Note: these functions are not guaranteed or supported by BrianDunning.com. Please contact the individual developer with any questions or problems.

This is my Custom Function and I want to edit it

Discuss:

There are no comments yet. Be the first to post a comment about this Custom Function! Please try to keep it brief & to the point. Anyone can post:

Your Name:
City/Location:
Comment:
characters left. If you paste in more than 1500 characters, it will be truncated. Discuss the function - advertisements and other useless posts will be deleted.
Answer 9 + 7 =
Search for Custom Functions:

Custom Functions Widget
Download the Custom Function Dashboard Widget for OS X
Keep all the latest Custom Functions right at your fingertips!

Newest Custom Functions:

1. decFromHex ( hexValue )
  (Mon, Oct 16, 12:34pm)
2. MonthYearList ( startmonth ; startyear ; numbermonth ; short )
  (Mon, Oct 16, 3:38am)
3. ErrorDescription ( errorNumber )
  (Wed, Sep 27, 2:51am)
4. decodeEntities (text)
  (Wed, Sep 27, 1:22am)
5. HexidecimalToNumber ( HexidecimalValue ; counter )
  (Mon, Sep 25, 12:39pm)
6. FixedFieldConverter ( Fieldname ; f1 ; f2 ; f3 ; f4 ; f5 ; f6 ; f7 ; f8 ; f9 ; f10 ; f11 ; f12 ; f13 ; f14 ; f15 ; f16 ; f17 ; f18 ; f1
  (Fri, Sep 15, 12:34pm)
7. ShannonEntropy ( text )
  (Thu, Sep 07, 5:59am)
8. LetterCount ( text ; summary )
  (Thu, Sep 07, 5:53am)

RSS Feed of Custom Functions