Minute, Mirr – Apple Numbers '08 User Manual

Page 250

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Chapter 12

Dictionary of Functions

MINUTE

The MINUTE function extracts the minutes from a date or time.

MINUTE(date-time)

 date-time: Any valid Numbers date or time value.

MIRR

The MIRR function calculates the modified internal rate of return of a series of periodic
cash flows. MIRR stands for modified internal rate of return.

MIRR(cash-flows, finance-rate, reinvest-rate)

 cash-flows: One or more future cash flows. Values are ranges or arrays.
 finance-rate: The interest rate on cash-flows.
 reinvest-rate: The rate at which positive cash flows can be reinvested.

MOD

The MOD function calculates the remainder upon division.

MOD(number, divisor)

 number: The dividend. It’s a number, cell reference, or the result of an arithmetic

operation.

 divisor: Any number but 0. The sign of the result matches that of the dividend, no

matter what the sign of the divisor is.

Notes
When both a positive and a negative remainder exist, MOD returns the remainder
whose sign matches the sign of the divisor.

When computing MOD(a, b), MOD gives a number r such that a = bk + r, where r is
between 0 and b, and k is an integer.

MOD(a,b) is equivalent to a–b*INT(a/b).

Examples

MINUTE("4/6/88 11:59:22 AM") returns 59.

Examples

MIRR({-5000, 2000, 4000, -2000, 5000}, 0.1, 0.15) returns 19.66% (when using the percent number
format).

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