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## Nper function – Excel Formulas in Hindi

Nper function denotes the time period required to pay off the loans. This function will normally give answer to the question like suppose I have Rs. 200000 today how much time will it take double the money at interest rate of 6%. If we know the rate, Present value and the Annuity Payment we can easily find the number of years.

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The formula for calculating Nper function[/vc_column_text][vc_column_text el_class=”formula”]NPER(rate, pmt, pv, [fv], [type])[/vc_column_text][vc_empty_space height=”10px”][vc_column_text]Where,

**Nper** stands for Number of years or the time period taken.

**Rate** stands for the interest rate at which is provided.

**PMT** stands for Payment Annuity.

**PV** stands for the Present Value.

**FV** stands for the Future Value.

**Type** stands for when the payment is made.

The arguments in the box brackets are optional.[/vc_column_text][vc_column_text]

### Example of Nper function

Rs 2028.53 is paid monthly for a loan of Rs 200,000. Interest rate is 9% and the payment needs to be done yearly. How much time will it take to pay off the loan.

Solution:

Here, Rate = 9%

PMT= Rs 2028.53

PV = Rs 200,000

The other arguments are optional.

The answer is 180.

We will see that time required to pay a loan of Rs.200,000 is 180 Months.

- What is Nper excel
- using nper function
- How to Calculate nper function

**Note:** PMT includes principal and interest and not taxes, fees or reserve payments.[/vc_column_text][vc_column_text]

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