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 |
Support and feedback
Have questions or feedback about Office VBA or this documentation? Please see Office VBA support and feedback for guidance about the ways you can receive support and provide feedback.