Understanding the IRR function in Excel It can calculate the return on your SIP investments with ease By Anand Kalyanaraman ...

Leaving data volume aside, the built-in IRR Excel function doesn’t perform periodic calculations. Instead, it expects data to be modeled in Excel on a monthly basis, creating internal time waste and ...

The IRR function in Excel can be used in the case of bonds. However, the rate function can be used for computing the IRR on the coupon date of a bond.

This would be the reinvestment rate, and the modified IRR spreadsheet function, or MIRR, would calculate a cash flow IRR using that rate as cash flows are deposited in the bank.