Operation Manual
Appendix E: Formulas Used 191
MIRR =
Advance Payments
PMT =
Interest Rate Conversions
Finite Compounding
EFF =
Continuous Compounding
EFF =
Statistics
Mean
A = number of payments made in advance.
C = number of compounding periods per year.
EFF = the effective annual interest rate as a decimal.
NOM = the nominal annual interest rate as a decimal.
100
NFV
P
NPV
N
---------------
1
n
---
1–
PV FV 1 i+()
n–
–
11i+()
nA–()–
–
i
----------------------------------------- A+
---------------------------------------------------------
1
NOM
C
--------------+
C
1–
e
NOM
1–()
x
x
∑
n
---------=
y
y
∑
n
---------=