Hello everyone, I have a litle problem at work and i have difficulty solving it. Here it goes: I am trying to use the IRR function (just like excel) to calculate what we call TAEG / interest rate. The problem i using the IRR function in a pratical way. Basically i have (for example) a stable monthly payout of 47.22 € and i want to use the IRR to calculate what kind of rate i will have after 72 months. The initial outlay is 2462.5 for example. In sas i tried using the formula irr(12, -2462.5, 47.22, 47.22, 47.22, 47.22, 47.22, 47.22) and it returns -99€. What i assume is that i have to put 1 as the beginning value and put the monthly payout 72 times...but it is just not pratical, even more since i have more than one example. Isn't there a simpler way when you have a stable monthly payout? Should i try to do a cycle? Thanks for the help guys.
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