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Alex Rivera
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I'm using a IRR function in javascript to create calculation a that is done in excel using its own IRR function. The problem is mine is little off and I have no idea why. Here's the code below. var IRRval = []; IRRval.push(-financed); for (i = 0; i < period; i++) { IRRval.push(rental); } var IRR = IRRCalc(IRRval, 0.001) * 0.01; function IRRCalc(CArray, guest) { inc = 0.000001; do { guest += inc; NPV = 0; for (var j=0; j < CArray.length; j++) { NPV += CArray[j] / Math.pow((1 + guest), j); } } while (NPV > 0); return guest * 100; } Now if you use these figures: Period 24 Financed 22000 Rental 1017.5000 My Result is: 0.008523000000000175 Excel Result is: 0.008522918 OR Period 42 Financed 218000 Rental 5917.1429 My Result is: 0.006247000000000489 Excel Result is: 0.00624616 The Excel function is called: =IRR(T12:T73,0.01) T12-T73 is the same figures I'm using. Any help would be much appreciated, Thanks Jason UPDATE I've solved it by changing the values below. But now the performance is too slow. Any ideas on how to improve this? IRRCalc(IRRval, 0.001) //to IRRCalc(IRRval, 0.0001) inc = 0.000001; //to inc = 0.00000001;
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