52 — Q
UALIFIER
P
LUS
®
4
X
IRR, NPV, and NFV Functions
The
R
key is multifunctional, and consecutive presses calculate:
•
the annual Internal Rate of Return (IRR%);
•
the Net Present Value (NPV) of the entered cash flows,
based on an entered desired Rate of Return, and the stored
Payments per Year
(default = 12);
•
the Net Future Value; and
•
(re-display of) the entered Rate of Return.
Note: If you wish to skip directly to the NPV calculation, press
s R
.
The desired Rate of Return is entered prior to performing the calcu-
lation (as shown in the following examples). If a desired Rate of
Return is not entered prior to performing the IRR, NPV, and NFV cal-
culations, then the Calculated Effective Rate is used as the desired
Rate of Return (if an Interest Rate has been entered in
ˆ
).
See the following examples for entry of Cash Flows and Frequencies,
and IRR, NPV, and NFV calculations.
Note: The last example provides instructions on how to modify or recall Cash Flows
and Frequencies.