Months to repay a loan
| A | B | C | |
|---|---|---|---|
| 1 | Rate | Payment | Loan |
| 2 | 0.06 | 400 | 20000 |
Formula: E2: =ROUND(NPER(A2/12,-B2,C2),1)
Result: 57.7
It takes about 57.7 months, so the 58th payment is a small one.
NPER with worked examples you can test in the live grid. The argument details are in the Excel guide.
The arguments and common errors are covered in the NPER Excel guide; check the function help in Google Sheets for its own argument list.
| A | B | C | |
|---|---|---|---|
| 1 | Rate | Payment | Loan |
| 2 | 0.06 | 400 | 20000 |
Formula: E2: =ROUND(NPER(A2/12,-B2,C2),1)
Result: 57.7
It takes about 57.7 months, so the 58th payment is a small one.
| A | |
|---|---|
| 1 | Rate |
| 2 | 0.05 |
Formula: C2: =ROUND(NPER(A2,0,-1000,2000),2)
Result: 14.21
With no payments, 1,000 doubles to 2,000 after about 14.21 years at 5%.
| A | B | C | |
|---|---|---|---|
| 1 | Rate | Deposit | Goal |
| 2 | 0.05 | 500 | 30000 |
Formula: E2: =ROUND(NPER(A2/12,-B2,0,C2),1)
Result: 53.7
Depositing 500 a month at 5% reaches 30,000 in about 53.7 months.
A tiny spreadsheet with example data. Edit the formula or any number and see the result.
Formula in D2: =NPER(1%,-300,5000)
| A | B | C | D | |
|---|---|---|---|---|
| 1 | Year | Cash flow | Result | |
| 2 | 0 | -10000 | 18.3231652781 | |
| 3 | 1 | 3000 | ||
| 4 | 2 | 4000 | ||
| 5 | 3 | 4500 | ||
| 6 | 4 | 2500 |
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