NPER Function in Excel: Syntax, Examples and Free Practice
NPER is an Excel Financial function. Calculates how many payment periods are needed to pay off a loan.
NPER syntax
Arguments
rate: The interest rate per periodpmt: The fixed payment made each periodpv: The present value of the amountfv: The future value of the amount (optional)type: Whether payments are due at the start or end of a period (optional)
When to use NPER
NPER is used in loan, investment, or valuation models where precise financial math is required.
Practice NPER online, free
Open the live Excel-style spreadsheet and try NPER yourself. No Excel install or sign-up needed to start.
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Frequently asked questions
What does the NPER function do in Excel?
Calculates how many payment periods are needed to pay off a loan.
What is the syntax of NPER in Excel?
The syntax is =NPER(rate, pmt, pv, [fv], [type]). rate: The interest rate per period; pmt: The fixed payment made each period; pv: The present value of the amount; fv: The future value of the amount (optional); type: Whether payments are due at the start or end of a period (optional).
Where can I practice NPER online for free?
Open the free live spreadsheet on Cellgrids and try NPER yourself. No Excel install is needed and you can start without signing up.
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