Function Type: Financial
Description:
Returns the number of periods for an investment.
Function Structure:
=NPER(rate, pmt, pv, [fv], [type]).
Argument Breakdown:
rate – The interest rate per period.
pmt – The payment made each period.
pv – The present value, or total value of all payments now.
fv – The future value, or a cash balance you want after the last payment is made. Defaults to 0.
type – When payments are due. 0 = end of period. 1 = beginning of period. Default is 0.
Example:
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