Excel NPER Function

This post will guide you how to use Excel NPER function with syntax and examples in Microsoft excel.

Description

The Excel NPER function returns the number of periods for an investment or loan based on periodic payment amount and a constant interest rate.

The NPER function is a build-in function in Microsoft Excel and it is categorized as a Financial Function.

The NPER function is available in Excel 2016, Excel 2013, Excel 2010, Excel 2007, Excel 2011 for Mac.

Syntax

The syntax of the NPER function is as below:

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

Where the NPER function arguments are:

  • Rate -This is a required argument. The interest rate per period.
  • Pmt– This is a required argument. The amount of the payment made each period. And if the Pmt argument is omitted, it will set as the default value 0.
  • Pv – This is an optional argument. The present value of the payments. And if the PV argument is omitted, it will be set the default value as 0.
  • FV– This is an optional argument. The Future value of the loan/investment at the end of nper payments. If it is omitted, it will be set the default value as 0.
  • Type – This is an optional argument. It indicates when the payments are due. And if the type argument is omitted, it will be set as 0.  And the Type argument can have two value 0 or 1.
Set type equal to If payments are due
0 At the end of the period
1 At the beginning of the period

Excel NPER Function Examples

The below examples will show you how to use Excel NPER Function to get the number of payment periods for a loan.

#1 to get the periods for the investment, using the following formula:

=NPER(B1/12,B2,B3,B4,B5)

excel nper examples1


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