Nper Formula Error
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calculates the number of periods required to pay off a loan, for a constant periodic payment and a constant interest rate.The syntax of the function is:NPER( rate, pmt, pv, [fv], [type] )Where the arguments are nper calculator as follows:rate-The interest rate, per period.pmt-The amount paid per period.pv-The present
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value of the loan.[fv]-An optional argument that specifies the future value of the loan, after the final nper excel mathematical formula payment.If omitted, [fv] takes on the default value of 0.[type]-An optional argument that defines whether the payment is made at the start or the end of the period.The
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[type] argument can have the value 0 or 1, meaning:0 - the payment is made at the end of the period;1 - the payment is made at the beginning of the period.If the [type] argument is omitted, it takes on the default value of 0 (denoting payments made at the end of what is pmt in excel the period).Cash Flow Convention:Note that, in line with the general cash flow convention, outgoing payments are represented by negative numbers and incoming payments are represented by positive numbers. This is seen in the examples below.Nper Function ExamplesExample 1In the following spreadsheet, the Excel Nper function is used to calculate the number of months required to pay off in full, a loan of $50,000 at a rate of $1,000 per month. Interest is charged at a rate of 4% per year, and the payment to the loan is to be made at the end of each month.Formula:A1Number months required topay off a loan of $50,000 withan interest rate of 4% per yearand payments of $1000 permonth (payment made at endof each mth):2=NPER( 4%/12, -1000, 50000 )Result:A1Number months required topay off a loan of $50,000 withan interest rate of 4% per yearand payments of $1000 permonth (payment made at endof each mth):254.78757726Note that in this example:The payment for the loan is input as a negative value, as thi
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how to avoid a #NUM! error when changing the formula input numbers for the NPER function. Learn to love digital spreadsheets more perfectly rate excel with the tricks outlined in this free Microsoft Office how-to. Please enable JavaScript to watch this video. Related How To: Fix common Excel spreadsheet problems & errors How To: Fix the nine most common types of Excel errors How http://www.excelfunctions.net/Excel-Nper-Function.html To: Avoid errors with the COUNTIF function when using workbook reference in Excel How To: Use Microsoft Excel's Goal Seek tool to modify inputs How To: Fix a DGET #NUM! error in Microsoft Excel How To: Calculate & compare interest rates in Microsoft Excel How To: Avoid common mistakes when doing financial analysis in Microsoft Excel How To: Avoid the #DIV/0! error in fornulas in Excel How To: Convert an Excel file with multiple worksheets to a http://ms-office.wonderhowto.com/how-to/avoid-num-error-when-changing-nper-inputs-excel-360152/ single PDF How To: Create a formula with Function AutoComplete in Excel How To: Calculate how long it will take an investment to double in Microsoft Excel How To: Fix #DIV/0 errors with Excel 2007's IF & ISERROR tools How To: Set up and use input areas in Microsoft Excel How To: Hide formula errors in Microsoft Excel 2007 How To: Use formulas, functions, formula inputs and cell references in Microsoft Excel How To: Add a column of numbers while ignoring #N/A errors in Excel How To: Add & average while ignoring #N/A errors in MS Excel How To: Use the new features in Microsoft Excel: Mac 2008 How To: Fix other people's Microsoft Excel spreadsheets How To: Do look-up addition with VLOOKUP & HLOOKUP in Microsoft Excel How To: Use the CONFIDENCE.T function in Microsoft Excel 2010 How To: Create a table of formulas and labels in MS Excel How To: Avoid Ctrl+Shift+Enter for array formulas in MS Excel How To: Create a budget with formula inputs in Microsoft Excel How To: Create custom formulas for data validation in Excel How To: Use the auto-complete feature in MS Office Excel 2007 How To: Ignore hidden rows with MS Excel's AGGREGATE function How To: Enter Excel data into cells with drop down menus How To: Create a contribution margin income statement in Excel How To: Chart assumed constant
To: Excel 2016, Excel 2013, Excel 2010, Excel 2007, Excel 2016 for Mac, Excel for Mac 2011, Excel Online, Excel for iPad, Excel for iPhone, Excel for Android tablets, Excel Starter, Excel https://support.office.com/en-us/article/NPER-function-240535b5-6653-4d2d-bfcf-b6a38151d815 Mobile, Excel for Android phones, Less Applies To: Excel 2016 , Excel 2013 , Excel 2010 , Excel 2007 , Excel 2016 for Mac , Excel for Mac 2011 , Excel Online , Excel for iPad , Excel for iPhone , Excel for Android tablets , Excel Starter , Excel Mobile , Excel for Android phones , More... Which version do I how to have? More... This article describes the formula syntax and usage of the NPER function in Microsoft Excel. Description Returns the number of periods for an investment based on periodic, constant payments and a constant interest rate. Syntax NPER(rate,pmt,pv,[fv],[type]) For a more complete description of the arguments in NPER and for more information about annuity functions, see PV. The NPER function syntax has the how to calculate following arguments: Rate Required. The interest rate per period. Pmt Required. 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. Pv Required. The present value, or the lump-sum amount that a series of future payments is worth right now. Fv Optional. 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). Type Optional. The number 0 or 1 and indicates when payments are due. Set type equal to If payments are due 0 or omitted At the end of the period 1 At the beginning of the period Example Copy the example data in the following table, and paste it in cell A1 of a new Excel worksheet. For formulas to show results, select them, press F2, and then press Enter. If you need to, you can adjust the column widths to see all the data. Data Description 0.12 Annual interest rate -100 Payment mad