WorksheetFunction.NPer Method (Excel)
Returns the number of periods for an investment based on periodic, constant payments and a constant interest rate.
Syntax
expression .NPer(Arg1, Arg2, Arg3, Arg4, Arg5)
expression A variable that represents a WorksheetFunction object.
Parameters
Name |
Required/Optional |
Data Type |
Description |
|---|---|---|---|
Arg1 |
Required |
Double |
Rate - the interest rate per period. |
Arg2 |
Required |
Double |
Pmt - the payment made each period; it cannot change over the life of the annuity. Typically, pmt contains principal and interest but no other fees or taxes. |
Arg3 |
Required |
Double |
Pv - the present value, or the lump-sum amount that a series of future payments is worth right now. |
Arg4 |
Optional |
Variant |
Fv - the future value, or a cash balance 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). |
Arg5 |
Optional |
Variant |
Type - the number 0 or 1 and indicates when payments are due. |
Return Value
Double
Remarks
Set type equal to |
If payments are due |
|---|---|
0 or omitted |
At the end of the period |
1 |
At the beginning of the period |