NPER
Returns the number of periods for an investment
Syntax
NPER(rate, pmt, pv, [fv], [type])
Arguments
| Argument |
Description |
Required |
rate |
The interest rate per period |
Required |
pmt |
The payment made each period |
Required |
pv |
The present value |
Required |
fv |
The future value. Defaults to 0. |
Optional |
type |
When payments are due (0 = end, 1 = beginning). Defaults to 0. |
Optional |
Examples
Periods to pay off loan
=NPER(0.08/12, -200, 8000)
Result ⇒
40.0548
Investment periods to reach goal
=NPER(0.06/12, -500, 0, 50000)
Result ⇒
99.7533
Loan term from cell values
=NPER(A1/12, A2, A3)
Result ⇒
20.0088
Related Functions
Other Financial functions:
- CUMIPMT - Returns the cumulative interest paid between start_period and end_period
- CUMPRINC - Returns the cumulative principal paid on a loan between start_period and end_period
- DB - Returns the depreciation of an asset for a specified period using the fixed-declining balance method
- DISC - Returns the discount rate for a security
- EFFECT - Returns the effective annual interest rate
- FV - Returns the future value of an investment.
- FVSCHEDULE - Returns the future value of an initial principal after applying a series of compound interest rates
- IPMT - Returns the interest payment for a given period for an investment based on periodic, constant payments and a constant interest rate.
- IRR - Returns the internal rate of return for a series of cash flows
- NOMINAL - Returns the annual nominal interest rate
- NPV - Calculates the net present value of a series of cash flows at a given discount rate
- PMT - Calculates the payment for a loan based on constant payments and a constant interest rate.
- PPMT - Returns the payment on the principal for a given period for an investment based on periodic, constant payments and a constant interest rate.
- PV - Returns the present value of an investment.
- RATE - Returns the interest rate per period of a loan or investment.
- SLN - Returns the straight-line depreciation of an asset for one period
- XIRR - Returns the internal rate of return for a schedule of cash flows that is not necessarily periodic
- XNPV - Returns the net present value for a schedule of cash flows that is not necessarily periodic
← Back to Formula Reference