NPER function

The NPER function is one of the financial functions. It is used to calculate the number of periods for an investment based on a specified interest rate and a constant payment schedule.

Syntax

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

The NPER function has the following arguments:

ArgumentDescription
rateThe interest rate.
pmtA payment amount.
pvA present value of the payments.
fvThe future value of an investment. It is an optional argument. If it is omitted, the function will assume fv to be 0.
typeA period when the payments are due. It is an optional argument. If it is set to 0 or omitted, the function will assume the payments to be due at the end of the period. If type is set to 1, the payments are due at the beginning of the period.
Notes

Cash paid out (such as deposits to savings) is represented by negative numbers; cash received (such as dividend checks) is represented by positive numbers.

How to apply the NPER function.

Examples

The figure below displays the result returned by the NPER function.

NPER Function

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