XNPV

Calculates the net present value of an investment based on a specified series of potentially irregularly spaced cash flows and a discount rate.

Sample Usage

XNPV(A2,B2:B25,C2:C25)

XNPV(0.08,{200,250,300},{DATE(2012,06,23),DATE(2013,05,12),DATE(2014,02,09)})

Syntax

XNPV(discount, cashflow_amounts, cashflow_dates)

  • discount - The discount rate of the investment over one period.

  • cashflow_amounts - A range of cells containing the income or payments associated with the investment.

  • cashflow_dates - A range of cells with dates corresponding to the cash flows in cashflow_amounts.

Notes

  • XNPV is similar to PV except that XNPV allows variable-value cash flows and cash flow intervals.

  • If the days specified in cashflow_dates are at a regular interval, use NPV instead.

  • Each cell in cashflow_amounts should be positive if it represents income from the perspective of the owner of the investment (e.g. coupons) or negative if it represents payments (e.g. loan repayment).

  • XIRR under the same conditions calculates the internal rate of return for which the net present value is zero.

See Also

XIRR: Calculates the internal rate of return of an investment based on a specified series of potentially irregularly spaced cash flows.

PV: Calculates the present value of an annuity investment based on constant-amount periodic payments and a constant interest rate.

NPV: Calculates the net present value of an investment based on a series of periodic cash flows and a discount rate.

MIRR: Calculates the modified internal rate of return on an investment based on a series of periodic cash flows and the difference between the interest rate paid on financing versus the return received on reinvested income.

IRR: Calculates the internal rate of return on an investment based on a series of periodic cash flows.

Examples

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