NPER
Returns the total number of payment periods in an annuity based on periodic, constant payments and future value.
js
NPER(rate, pmt, pv, fv, type)
NPER(rate, pmt, pv, fv, type)
Parameters
rate
- The interest rate per period.pmt
- The payment made each period; payments are assumed to be made at the end of each period.pv
- The present value, or the total amount that a series of future payments is worth now.fv
- The future value, or a cash balance that 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. If type is omitted, it is assumed to be 0.(optional)
Examples
js
NPER(0.075 / 12, -200, 8000)
NPER(0.075 / 12, -200, 8000)
Result: 46.173
Note: Calculates the number of months it takes to pay off a loan with a $200 monthly payment, 7.5% monthly interest rate, and a $8,000 loan amount.