Excel NPER Function

We use the NPER function in combination with the PV, PMT and RATE functions to calculate the number of installment paid within a period. This article will walk through the process.

Figure 1 – Final result of the NPER function using the PV, PMT, and RATE function.

General Formula

=NPER(rate, pmt, pv)

Formula

=NPER(C6/12,C7,-C5)

Setting up the Data

We will set up our table as shown in figure 2, with hypothetical players including the Loan amount, interest rate, Monthly payment, compounding periods. We intend to get the number of periods for loan or investment.

• We will place the parameters in the range: B5:B8.
• The figures will be contained in Column C
• The result will be named “Period (terms in months)” and displayed in Cell B10 and C10

Figure 2 – Setting up the Data

Using the NPER function

• We will click on Cell C10
• We will insert the formula below into Cell C10
  =NPER(C6/12,C7,-C5)

Figure 3 – Using the Excel NPER function

• We will press the enter key.

Figure 4 – Result of using the NPER function

Instant Connection to an Expert through our Excelchat Service

Most of the time, the problem you will need to solve will be more complex than a simple application of a formula or function. If you want to save hours of research and frustration, try our live Excelchat service! Our Excel Experts are available 24/7 to answer any Excel question you may have. We guarantee a connection within 30 seconds and a customized solution within 20 minutes.