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# Re: [libreoffice-l10n] Function IRR description

```Acturial value is mostly used in finance and insurance.

Actuarial value is a measure of the percentage of expected health care
costs a specific health plan will cover for the "standard" population.
Actuarial value is generally calculated using the ratio of:

*the total expected payments by the plan for essential health benefits*
*__________________________________________________________ *

*the total expected costs of the "standard" population for essential health
benefits *

It´s the discipline that uses statistis and math in the way to determine
risk and income (cash flow) and try to estabilish te present value of
future cash flows. In a way it´s similar to TIR.

http://www.zanebenefits.com/blog/bid/252609/What-is-Actuarial-Value-AV

Regards

2013/7/20 Mihovil Stanic <mihovil.stanic@gmail.com>

```
```https://translations.**documentfoundation.org/hr/**libo_ui/sc/source/ui/**
translate.html#unit=29744374<https://translations.documentfoundation.org/hr/libo_ui/sc/source/ui/translate.html#unit=29744374>
Currect desc: Returns the actuarial rate of interest of an investment
excluding costs or profits.
Oasis desc = MS Office desc: Compute the internal rate of return for a
series of cash flows.
http://docs.oasis-open.org/**office/v1.2/os/OpenDocument-**
v1.2-os-part2.html#IRR<http://docs.oasis-open.org/office/v1.2/os/OpenDocument-v1.2-os-part2.html#IRR>

I for one studied economics and had a hard time finding out waht actuarial
means... As far as I understood it it's math based on statistics and
probabilities.
That can be in some way applied to this formula, but it's
toooooooooooooooooooooooooooo complicated description. Why can't it be just
like it's in Oasis and MS Office?

```
```
I also think that string should be as ODFF states. My translation states
that way. I must say that many of descriptions were changed in my
translations.

Regards
--
Sérgio Marques

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