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IRR calculation for Mexico regulations
IBM Mainframe Forums -> COBOL Programming
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SanjayKSharma

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Joined: 28 Oct 2009
Posts: 2
Location: UK
PostPosted: Thu Oct 29, 2009 4:00 pm
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New Mexico regulations dictate that the interest rates need to be shown as CAT which is effectively an IRR calculation. Does anyone know how to get a IRR funtion in Cobol? Or pointers to how to code it?
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Robert Sample

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Joined: 06 Jun 2008
Posts: 8696
Location: Dubuque, Iowa, USA
PostPosted: Thu Oct 29, 2009 4:58 pm
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Google is your friend. Googling "irr calculation" returns 3,300,000 hits and the first discusses the details of the calculation. I suspect you're not going to find a COBOL function to do this and will have to code up something yourself.
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