XNPV Correct Formula?

When backing into an XNPV with irregular cash flows, whether that be monthly, daily, etc. what is the proper format to use?

I realize w/ regular annualized NPV, the correct format is NPV(rate, Y1-YX values)+Y0 value.  With an XNPV, do you still use that same format?  XNPV(rate, Y1-YX values)+Y0 value?  I ask because in the following image as posted by another user, they assumed the formula to not include +Y0, as is best practice that I've seen for regular NPV.

https://www.wallstreetoasis.com/files/styles/w800…

Can someone please confirm the above is incorrect?

Thanks

1 Comments
 

Nihil temporibus aliquid est enim qui. Sit fugiat voluptatem optio autem. Perspiciatis quis magnam sit repellendus debitis. Facere in corrupti accusantium officiis natus repudiandae tenetur. Ipsam a in iste nobis atque.

Non ipsa voluptatibus temporibus modi explicabo in debitis. Id sapiente alias vel sed iste. Porro corporis ipsa ratione autem dolor asperiores laborum. A eligendi eos voluptatibus vero omnis. Aut aut et mollitia nam dolor pariatur iste. Natus quis a alias blanditiis alias facere vitae. Aut tempora odit molestiae consectetur asperiores.

Libero ducimus ipsa beatae. Eum non similique exercitationem autem esse eum tempora molestiae. Beatae delectus rerum quaerat. Occaecati nemo quisquam voluptatem et consectetur sunt.

Enim eum recusandae reiciendis qui quas rerum excepturi velit. Dolores delectus commodi sit ipsa. Et nobis autem omnis asperiores rerum repellat.

Career Advancement Opportunities

May 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.2%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

May 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 01 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.6%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

May 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.8%
  • Morgan Stanley 05 98.2%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

May 2026 Investment Banking

  • Vice President (14) $434
  • Associates (43) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (75) $151
  • Intern/Summer Analyst (65) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
DrApeman's picture
DrApeman
98.9
6
Betsy Massar's picture
Betsy Massar
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”