NPER is a DAX function that returns the number of periods for an investment based on periodic, constant payments and a constant interest rate.
Syntax
NPER(
Rate,
Pmt,
Pv,
Fv,
Type
)
Argument | Properties | Description |
---|---|---|
Rate | The interest rate per period. | |
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. | |
Pv | The present value, or the lump-sum amount that a series of future payments is worth right now. | |
Fv | Optional | The future value, or a cash balance you want to attain after the last payment is made. If fv is omitted, it is assumed to be BLANK. |
Type | Optional | The number 0 or 1 and indicates when payments are due. If type is omitted, it is assumed to be 0. |