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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:
Argument | Description |
---|---|
rate | The interest rate. |
pmt | A payment amount. |
pv | A present value of the payments. |
fv | The future value of an investment. It is an optional argument. If it is omitted, the function will assume fv to be 0. |
type | A 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.
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