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The MIRR function works by separating out negative and positive flows, and discounting them at the appropriate rate the finance rate (for negative flows) and the deposit rate (for positive flows). We can replicate the MIRR algorithm by setting up a revised flow, which compares the two NPVs (refer to Figure 12-15, columns C:E). The negative flow NPV is placed at Period 0, and the positive flow is expressed as its equivalent future value (by accumulating it at the deposit rate) at the end of the investment term. The IRR of the revised flow is the same as the MIRR of the original (source) flow. This example reveals that the methodology is suspect. In separating out negative and positive flows, the MIRR implies that interest is charged on flows. Banks, of course, charge interest on balances. An attempt at resolving the problem is shown in the next example. excel 2010 barcode formula Barcode in Microsoft Excel 2007/2010/2013/2016
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21 Mar 2018 ... Additional macros and examples include a sequential number generator for use in Excel and Access. BarCodeWiz Barcode ActiveX Control is ... cnt = getTreeHeight(get_root(), num); // Add key in the new node s data eld new_ptr->nodeKey = key; // If the BST is empty, insert the new rate in root if (root_ptr == NULL) { for (i = 0; i <= N; i++) { new_ptr->bondPrice[i] = 1/(pow(initRate,i)); new_ptr->forwardRate[i] = initRate; } root_ptr = new_ptr; } else { TREE_PTR tree_ptr = root_ptr; while (tree_ptr != NULL) { node_ptr = tree_ptr; if (key == tree_ptr->nodeKey) return; else if (key < tree_ptr->nodeKey) // search its up side for insertion location tree_ptr = tree_ptr->up_childptr; else // search its down side for insertion location tree_ptr = tree_ptr->down_childptr; } // Now node_ptr is the pointer to the parent of the new // node. Now determine where it will be inserted compute volatilites // sum is used for computing both bond prices and forward rates sum = 0.0; for (int k = cnt; k <= N; k++) { sum = sum + vol*exp(-lambda*(k*dt)); } // used for coshRatio for forward rate computation sum1 = 0.0; for (k = cnt; k < N; k++) { sum1 = sum1 + vol*exp(-lambda*(k*dt)); } volsum = sum*sqrt(dt)*dt; volsum1 = sum1*sqrt(dt)*dt; coshRatio = cosh(volsum)/cosh(volsum1); coshval = 1/cosh(volsum); expvalPlus = exp(volsum); expvalMinus = exp(-volsum); expvalPlus1 = exp(vol*exp(-lambda*cnt*dt)*sqrt(dt)*dt); barcode add in for excel Microsoft Excel Barcode Add-in Tutorial for 2003, 2007, and 2010 ...
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