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 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). |
| Arg5 | Optional | Variant | Type - the number 0 or 1 and indicates when payments are due. |
Return value
Double
Remarks
The following table describes the values that can be used for Arg5.
| Set type equal to | If payments are due |
|---|---|
| 0 or omitted | At the end of the period |
| 1 | At the beginning of the period |
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