Variations, Manipulations, and Extensions of the IRR
This course is for commercial real estate professionals who want to make better decisions using the internal rate of return calculation. The IRR calculation assumes that cash flows are annual and occur at the end of each year, but that is not always the case in the real world.
In this course, students will learn how to:
Measure investment performance with greater accuracy by calculating IRR with time variable cash flows (XIRR) as well as reinvestment considerations (MIRR)
Evaluate the relationship between MIRR and capital accumulation
Understand the relationship between investment value and capital accumulation