Number Format?

[Jim]

Hi,I am getting the following number when I use the function xirr. What
does it mean?2.98023E-09



Thanks, Jim

 

[Ron Rosenfeld]

Hi,I am getting the following number when I use the function xirr. What
does it mean?2.98023E-09



Thanks, Jim

These days it might be a good investment (You're not losing any money). It
is a close approximation of zero.
--ron

 

[Bob Phillips]

It means it is a very small number, 0.00000000298023

 

[MartinW]

Hi Jim,

That is scientific notation.
See this wiki site for an explanation.
http://en.wikipedia.org/wiki/Scientific_notation

HTH
Martin