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Excel: Need Nper
I'm looking for a formula that will give me the Nper (#of paments).
Assuming I have the pv (loan amount), Rate, and Payment amount. IE I have a $75,000 loan, a 6.99% intrest rate, and a $500.00 payment. and the calculation will give me the # of payments which is 356.28 payments Assuming there are 12 payments per year. |
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#2
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Try
=NPER(0.0699/12,500,0,75000) Where 75,000 is the FV instead of the PV "PatrickBurg" wrote in message ... I'm looking for a formula that will give me the Nper (#of paments). Assuming I have the pv (loan amount), Rate, and Payment amount. IE I have a $75,000 loan, a 6.99% intrest rate, and a $500.00 payment. and the calculation will give me the # of payments which is 356.28 payments Assuming there are 12 payments per year. |
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