{"id":1326,"date":"2018-07-04T10:26:02","date_gmt":"2018-07-04T10:26:02","guid":{"rendered":"http:\/\/officetuts.net\/excel\/?p=1326"},"modified":"2023-11-03T10:39:29","modified_gmt":"2023-11-03T10:39:29","slug":"nper-function","status":"publish","type":"post","link":"https:\/\/officetuts.net\/excel\/functions\/nper-function\/","title":{"rendered":"NPER function"},"content":{"rendered":"\n<p>Excel&#8217;s NPER function is a financial function that helps you calculate the number of periods needed to reach a specific financial goal, given a fixed interest rate, constant periodic payments, and an initial investment or loan amount. In simpler terms, it tells you how long it will take to pay off a loan or grow an investment to a desired amount.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Syntax<\/h2>\n\n\n\n<p><strong>NPER(rate, payment, present_value, [future_value], [type])<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Arguments<\/h2>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td><strong>rate<\/strong><\/td><td>The interest rate per period.<\/td><\/tr><tr><td><strong>payment<\/strong><\/td><td>The constant payment made each period.<\/td><\/tr><tr><td><strong>present_value<\/strong><\/td><td>The initial investment or loan amount.<\/td><\/tr><tr><td><strong>[future_value]<\/strong><\/td><td>(Optional) The desired future value or the final amount you want to achieve. If omitted, it is assumed to be 0.<\/td><\/tr><tr><td><strong>[type]<\/strong><\/td><td>(Optional) Indicates whether payments are due at the beginning or end of the period. Use 0 for end-of-period payments (default) and 1 for beginning-of-period payments.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">How to Use<\/h2>\n\n\n\n<p>The NPER function is quite handy when you want to plan your finances or determine how long it will take to pay off a loan. Here&#8217;s how to use it:<\/p>\n\n\n\n<p>Let&#8217;s say you take out a loan of $10,000 with an annual interest rate of 5%, and you intend to make monthly payments of $200. To find out how many months it will take to pay off the loan:<\/p>\n\n\n\n<pre class=\"wp-block-code\"><code>=NPER(5%\/12, -200, 10000)<\/code><\/pre>\n\n\n\n<p>This formula calculates the number of months required to pay off the loan, given the monthly interest rate, monthly payment, and the initial loan amount.<\/p>\n\n\n\n<p>Now, let&#8217;s look at another example where you want to determine how long it will take to accumulate $50,000 by saving $500 per month at an annual interest rate of 6%:<\/p>\n\n\n\n<pre class=\"wp-block-code\"><code>=NPER(6%\/12, -500, 0, 50000)<\/code><\/pre>\n\n\n\n<p>In this case, the function calculates the number of months needed to reach a savings goal of $50,000, considering the monthly interest rate, monthly deposits, and a starting balance of $0.<\/p>\n\n\n\n<p>Remember to adjust the interest rate and payment values based on your specific financial situation.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Additional Information<\/h2>\n\n\n\n<p>The NPER function is a useful tool for financial planning, but it&#8217;s essential to understand the function&#8217;s limitations and assumptions. It assumes constant interest rates, payments, and compounding periods, which may not always reflect real-world scenarios. Be sure to consult with a financial advisor for more accurate and comprehensive financial planning.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Excel&#8217;s NPER function is a financial function that helps you calculate the number of periods needed to reach a specific financial goal, given&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[180],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>NPER function<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/officetuts.net\/excel\/functions\/nper-function\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"NPER function\" \/>\n<meta property=\"og:description\" content=\"Excel&#8217;s NPER function is a financial function that helps you calculate the number of periods needed to reach a specific financial goal, given...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/officetuts.net\/excel\/functions\/nper-function\/\" \/>\n<meta property=\"article:published_time\" content=\"2018-07-04T10:26:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-03T10:39:29+00:00\" \/>\n<meta name=\"author\" content=\"Tomasz Decker\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tomasz Decker\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/officetuts.net\/excel\/functions\/nper-function\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/officetuts.net\/excel\/functions\/nper-function\/\"},\"author\":{\"name\":\"Tomasz Decker\",\"@id\":\"https:\/\/officetuts.net\/excel\/#\/schema\/person\/41b0b6996aaa4c4127f86f3d24452d42\"},\"headline\":\"NPER function\",\"datePublished\":\"2018-07-04T10:26:02+00:00\",\"dateModified\":\"2023-11-03T10:39:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/officetuts.net\/excel\/functions\/nper-function\/\"},\"wordCount\":365,\"publisher\":{\"@id\":\"https:\/\/officetuts.net\/excel\/#\/schema\/person\/41b0b6996aaa4c4127f86f3d24452d42\"},\"keywords\":[\"done\"],\"articleSection\":[\"functions\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/officetuts.net\/excel\/functions\/nper-function\/\",\"url\":\"https:\/\/officetuts.net\/excel\/functions\/nper-function\/\",\"name\":\"NPER function\",\"isPartOf\":{\"@id\":\"https:\/\/officetuts.net\/excel\/#website\"},\"datePublished\":\"2018-07-04T10:26:02+00:00\",\"dateModified\":\"2023-11-03T10:39:29+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/officetuts.net\/excel\/functions\/nper-function\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/officetuts.net\/excel\/functions\/nper-function\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/officetuts.net\/excel\/functions\/nper-function\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/officetuts.net\/excel\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"NPER function\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/officetuts.net\/excel\/#website\",\"url\":\"https:\/\/officetuts.net\/excel\/\",\"name\":\"\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/officetuts.net\/excel\/#\/schema\/person\/41b0b6996aaa4c4127f86f3d24452d42\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/officetuts.net\/excel\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\/\/officetuts.net\/excel\/#\/schema\/person\/41b0b6996aaa4c4127f86f3d24452d42\",\"name\":\"Tomasz Decker\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/officetuts.net\/excel\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/18cbe22837193574870ae40ba56bf712?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/18cbe22837193574870ae40ba56bf712?s=96&d=mm&r=g\",\"caption\":\"Tomasz Decker\"},\"logo\":{\"@id\":\"https:\/\/officetuts.net\/excel\/#\/schema\/person\/image\/\"},\"description\":\"Spreadsheet and Python enthusiast.\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"NPER function","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/officetuts.net\/excel\/functions\/nper-function\/","og_locale":"en_US","og_type":"article","og_title":"NPER function","og_description":"Excel&#8217;s NPER function is a financial function that helps you calculate the number of periods needed to reach a specific financial goal, given...","og_url":"https:\/\/officetuts.net\/excel\/functions\/nper-function\/","article_published_time":"2018-07-04T10:26:02+00:00","article_modified_time":"2023-11-03T10:39:29+00:00","author":"Tomasz Decker","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Tomasz Decker","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/officetuts.net\/excel\/functions\/nper-function\/#article","isPartOf":{"@id":"https:\/\/officetuts.net\/excel\/functions\/nper-function\/"},"author":{"name":"Tomasz Decker","@id":"https:\/\/officetuts.net\/excel\/#\/schema\/person\/41b0b6996aaa4c4127f86f3d24452d42"},"headline":"NPER function","datePublished":"2018-07-04T10:26:02+00:00","dateModified":"2023-11-03T10:39:29+00:00","mainEntityOfPage":{"@id":"https:\/\/officetuts.net\/excel\/functions\/nper-function\/"},"wordCount":365,"publisher":{"@id":"https:\/\/officetuts.net\/excel\/#\/schema\/person\/41b0b6996aaa4c4127f86f3d24452d42"},"keywords":["done"],"articleSection":["functions"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/officetuts.net\/excel\/functions\/nper-function\/","url":"https:\/\/officetuts.net\/excel\/functions\/nper-function\/","name":"NPER function","isPartOf":{"@id":"https:\/\/officetuts.net\/excel\/#website"},"datePublished":"2018-07-04T10:26:02+00:00","dateModified":"2023-11-03T10:39:29+00:00","breadcrumb":{"@id":"https:\/\/officetuts.net\/excel\/functions\/nper-function\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/officetuts.net\/excel\/functions\/nper-function\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/officetuts.net\/excel\/functions\/nper-function\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/officetuts.net\/excel\/"},{"@type":"ListItem","position":2,"name":"NPER function"}]},{"@type":"WebSite","@id":"https:\/\/officetuts.net\/excel\/#website","url":"https:\/\/officetuts.net\/excel\/","name":"","description":"","publisher":{"@id":"https:\/\/officetuts.net\/excel\/#\/schema\/person\/41b0b6996aaa4c4127f86f3d24452d42"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/officetuts.net\/excel\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":["Person","Organization"],"@id":"https:\/\/officetuts.net\/excel\/#\/schema\/person\/41b0b6996aaa4c4127f86f3d24452d42","name":"Tomasz Decker","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/officetuts.net\/excel\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/18cbe22837193574870ae40ba56bf712?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/18cbe22837193574870ae40ba56bf712?s=96&d=mm&r=g","caption":"Tomasz Decker"},"logo":{"@id":"https:\/\/officetuts.net\/excel\/#\/schema\/person\/image\/"},"description":"Spreadsheet and Python enthusiast."}]}},"_links":{"self":[{"href":"https:\/\/officetuts.net\/excel\/wp-json\/wp\/v2\/posts\/1326"}],"collection":[{"href":"https:\/\/officetuts.net\/excel\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/officetuts.net\/excel\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/officetuts.net\/excel\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/officetuts.net\/excel\/wp-json\/wp\/v2\/comments?post=1326"}],"version-history":[{"count":3,"href":"https:\/\/officetuts.net\/excel\/wp-json\/wp\/v2\/posts\/1326\/revisions"}],"predecessor-version":[{"id":16516,"href":"https:\/\/officetuts.net\/excel\/wp-json\/wp\/v2\/posts\/1326\/revisions\/16516"}],"wp:attachment":[{"href":"https:\/\/officetuts.net\/excel\/wp-json\/wp\/v2\/media?parent=1326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/officetuts.net\/excel\/wp-json\/wp\/v2\/categories?post=1326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/officetuts.net\/excel\/wp-json\/wp\/v2\/tags?post=1326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}