XNPV

Applies to: Calculated column Calculated table Measure Visual calculation

Returns the present value for a schedule of cash flows that is not necessarily periodic.

Syntax

XNPV(<table>, <values>, <dates>, <rate>)

Parameters

Term	Definition
table	A table for which the values and dates expressions should be calculated.
values	An expression that returns the cash flow value for each row of the table.
dates	An expression that returns the cash flow date for each row of the table.
rate	The discount rate to apply to the cash flow for each row of the table.

Return value

Net present value.

Remarks

• The value is calculated as the following summation:

  $$\sum^{N}_{j=1} \frac{P_{j}}{(1 + \text{rate})^{\frac{d_{j} - d_{1}}{365}}}$$

  Where:

  • $P_{j}$ is the $j^{th}$ payment
  • $d_{j}$ is the $j^{th}$ payment date
  • $d_{1}$ is the first payment date

• The series of cash flow values must contain at least one positive number and one negative number.

• This function is not supported for use in DirectQuery mode when used in calculated columns or row-level security (RLS) rules.

Example

The following calculates the present value of the CashFlows table:

= XNPV( CashFlows, [Payment], [Date], 0.09 )

Date	Payment
1/1/2014	-10000
3/1/2014	2750
10/30/2014	4250
2/15/2015	3250
4/1/2015	2750

Present value = 2089.50