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Old 09-03-2005, 05:52 PM
midas midas is offline
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Join Date: Aug 2003
Posts: 79
Default Re: Calculating rate of return

You need to calculate an internal rate of return-IRR. I used Excel's XIRR function and assumed you put the money in your account on the 15th of each month and had $2600 on the 30th of the last month.

Excel says your account had a return of 23.31%. Which even though I'm rusty at this, sounds right.
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