Advanced Excel Financial - NPER Function

Description

The NPER function returns the number of periods for an investment based on periodic, constant payments and a constant interest rate.

NPER (rate,pmt,pv,[fv],[type])

Argument	Description	Required/ Optional
Rate	The interest rate per period.	Required
Pmt	The payment made each period. It cannot change over the life of the annuity. Typically, pmt contains principal and interest but no other fees or taxes.	Required
Pv	The present value, or the lump-sum amount that a series of future payments is worth right now.	Optional
Fv	The future value, or a cash balance you want to attain after the last payment is made. If fv is omitted, it is assumed to be 0 (the future value of a loan, for example, is 0).	Optional
Type	The number 0 or 1 and indicates when payments are due. See Table given below. If type is omitted, it is assumed to be 0.	Optional

Set type equal to	If payments are due
0	At the end of the period
1	At the beginning of the period

For complete description of the arguments in NPER and for more information about annuity functions, see PV.

Excel 2007, Excel 2010, Excel 2013, Excel 2016

advanced_excel_financial_functions.htm