IRR is one of those things that is remarkably simple to calculate and grok, but is made difficult in the number of horrendous instructions across the web, many of them simply wrong. Until I corrected it the NPV entry on Wikipedia (NPV being a dependency of IRR) sat with incorrect input / result data.
It all makes me think that some in the financial industry think this is some sort of trade secret.
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IRR is one of those things that is remarkably simple to calculate and grok, but is made difficult in the number of horrendous instructions across the web, many of them simply wrong. Until I corrected it the NPV entry on Wikipedia (NPV being a dependency of IRR) sat with incorrect input / result data.
It all makes me think that some in the financial industry think this is some sort of trade secret.