What is MIRR?
Modified Internal Rate of Return: uses realistic, separate financing and reinvestment rates instead of IRR’s own rate. Repairs IRR’s reinvestment assumption, mattering most when interim cash flows are large or the IRR is high.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.