### Definition of XNPV

Calculates the net present value of an investment based on a specified series of potentially irregularly spaced cash flows and a discount rate.

### Sample Usage

`XNPV(A2,B2:B25,C2:C25)`

`XNPV(0.08,{200,250,300},{DATE(2012,06,23),DATE(2013,05,12),DATE(2014,02,09)})`

### Syntax

`XNPV(discount, cashflow_amounts, cashflow_dates)`

`discount`

- The discount rate of the investment over one period.

`cashflow_amounts`

- A range of cells containing the income or payments associated with the investment.

`cashflow_dates`

- A range of cells with dates corresponding to the cash flows in `cashflow_amounts`

.

### Notes

`XNPV`

is similar to `PV`

except that `XNPV`

allows variable-value cash flows and cash flow intervals.

If the days specified in `cashflow_dates`

are at a regular interval, use `NPV`

instead.

Each cell in `cashflow_amounts`

should be positive if it represents income from the perspective of the owner of the investment (e.g. coupons) or negative if it represents payments (e.g. loan repayment).

`XIRR`

under the same conditions calculates the internal rate of return for which the net present value is zero.

### See Also

`XIRR`

: Calculates the internal rate of return of an investment based on a specified series of potentially irregularly spaced cash flows.

`PV`

: Calculates the present value of an annuity investment based on constant-amount periodic payments and a constant interest rate.

`NPV`

: Calculates the net present value of an investment based on a series of periodic cash flows and a discount rate.

`MIRR`

: Calculates the modified internal rate of return on an investment based on a series of periodic cash flows and the difference between the interest rate paid on financing versus the return received on reinvested income.

`IRR`

: Calculates the internal rate of return on an investment based on a series of periodic cash flows.

- rate - The discount rate of the investment over one period.
- values - A range of cells containing the income or payments associated with the investment.
- dates - A range of cells with dates corresponding to the cash flows in values.

**Dates should be properly formatted**

### The result will be displayed as shown below: