In cell B5, start typing the NPER Formula. Put B1/12 as the first argument under NPER Formula. As the given interest rate is per annum, you need to divide it by 12 to get a monthly interest rate (because Mr. Sandeep is paying installments monthly). Mention -B2 as the next argument ...
Infinancial analysis, we often wish to build a corporate fund. The NPER function will help us know the number of periods required to reach our target amount. It can also be used to get the number of payment periods for a loan that we wish to take. Formula =NPER(rate,pmt,pv,[fv],[...
This article describes the formula syntax and usage of theNPERfunction in Microsoft Excel. Description Returns the number of periods for an investment based on periodic, constant payments and a constant interest rate. Syntax NPER(rate,pmt,pv,[fv],[type]) ...
This article describes the formula syntax and usage of theNPERfunction in Microsoft Excel. Description Returns the number of periods for an investment based on periodic, constant payments and a constant interest rate. Syntax NPER(rate,pmt,pv,[fv],[type]) ...
Rate Pmt PV FV Type Formula Description (Result) 12% -100 -1000 10000 1 =NPER([Rate]/12, [Pmt], [PV], [FV], 1) Periods for the investment with the specified arguments (60) 12% -100 -1000 10000 1 =NPER([Rate]/12, [Pmt], [PV], [FV]) Periods for the investment with the...
Basic NPER formula in Excel Knowing the theory, let's build an NPER formula in its simplest form to get the number of periods to clear the loan based on the following data: Annual interest rate (rate): C2 Yearly payment (pmt): C3 Loan amount (pv): C4 Putting the arguments together, ...
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NPER is an Excel function that finds out the number of payments in a finite stream of equidistant equal cash flow of amount PMT given a single value PV at t=0 and/or a single value FV at the end of the stream of cash flows.
The NPER function is a built-in function in Excel that is categorized as aFinancial Function. It can be used as a worksheet function (WS) and a VBA function (VBA) in Excel. As a worksheet function, the NPER function can be entered as part of a formula in a cell of a worksheet. As...
As the information shown in the below table, to get the period number for a loan with a value of $10,000, an annual interest rate of 6%, and a monthly payment of $1,000, please copy or enter the formula below in a blank cell, and pressEnterto get the result: ...