The NPER function calculates the number of payment periods for an investment based on constant-amount periodic payments and a constant interest rate.
Sample Usage
NPER(2,500,40000)
NPER(A2,B2,C2,D2,1)
Syntax
NPER(rate, payment_amount, present_value, [future_value, end_or_beginning])
-
rate- The interest rate. -
payment_amount- The amount of each payment made. -
present_value- The current value of the annuity. -
future_value- [ OPTIONAL ] - The future value remaining after the final payment has been made. -
end_or_beginning- [ OPTIONAL -0by default ] - Whether payments are due at the end (0) or beginning (1) of each period.
Notes
- Ensure that consistent units are used for
rateandpayment_amount. For example, a car loan for 36 months may be paid monthly, in which case the annual percentage rate should be divided by 12 and thepayment_amountis the amount of each monthly payment. On the other hand, a different type of loan of the same length and principal might be paid quarterly, in which case the annual percentage rate should be divided by 4 and the amount paid each period would be adjusted accordingly..
See Also
PV: Calculates the present value of an annuity investment based on constant-amount periodic payments and a constant interest rate.
PPMT: The PPMT function calculates the payment on the principal of an investment based on constant-amount periodic payments and a constant interest rate.
PMT: The PMT function calculates the periodic payment for an annuity investment based on constant-amount periodic payments and a constant interest rate.
IPMT: The IPMT function calculates the payment on interest for an investment based on constant-amount periodic payments and a constant interest rate.
FVSCHEDULE: The FVSCHEDULE function calculates the future value of some principal based on a specified series of potentially varying interest rates.
FV: The FV function calculates the future value of an annuity investment based on constant-amount periodic payments and a constant interest rate.