Need a formula to calculate the number of months to pay off a loan
 

I need a formula to calculate the number of months it will take to pay off a
loan, given interest rate, balance and the amount of payments.

Look in HELP for the NPER() function

Make sure you use monthly rate if you require number of months

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Kind regards,

Niek Otten

Microsoft MVP - Excel

"kv" wrote in message
...
I need a formula to calculate the number of months it will take to pay off
a
loan, given interest rate, balance and the amount of payments.

There are tons of free templates at:
http://office.microsoft.com/en-us/default.aspx

kv wrote:

I need a formula to calculate the number of months it will take to pay off a
loan, given interest rate, balance and the amount of payments.

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Dave Peterson