### Excel NPER Function

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In this Article

This Excel Tutorial demonstrates how to use the **Excel NPER Function** in Excel to calculate the number of periods for an investment, with formula examples.

## NPER Function Description:

The NPER Function Calculates the total number of payment periods.

## Formula Examples:

Example | Formula | Result |
---|---|---|

End of Period Payment | =NPER(C5,D5,E5,F5) | 4 |

Beg of Period Payment | =NPER(C6,D6,E6,F6,G6) | 4 |

## Syntax and Arguments:

The Syntax for the NPER Formula is:

1 |
=NPER(rate,pmt,pv,fv,type) |

### Function Arguments ( Inputs ):

**rate** – The interest rate per period. Example: use 8%/2 = 4% for semi-annual payments at 8% APR.

**pmt** – The payment amount. Payment must remain constant.

**pv** – The present value. 0 if ommitted.

**fv** –

**type** – The payment type. 1 for beginning of period. 0 for end of period (default if ommitted).

## Additional Notes

Use the NPER Function to calculate the number of payment periods of an investment.

For PMT, cash out-flows must be negative. Cash In-flows must be positive.

## NPER Examples in VBA

You can also use the NPER function in VBA. Type:

`application.worksheetfunction.nper(rate,pmt,pv,fv,type)`

For the function arguments (rate, etc.), you can either enter them directly into the function, or define variables to use instead.

Return to the List of all Functions in Excel

## How to use the NPER Function in Excel:

To use the AND Excel Worksheet Function, type the following into a cell:

`=AND(`

After entering it in the cell, notice how the AND formula inputs appear below the cell:

You will need to enter these inputs into the function. The function inputs are covered in more detail in the next section. However, if you ever need more help with the function, after typing “=NPER(” into a cell, without leaving the cell, use the shortcut **CTRL + A** (**A** for **A**rguments) to open the “Insert Function Dialog Box” for detailed instructions:

For more information about the NPER Formula visit the

Microsoft Website.