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bigfella
Hi everyone, does anyone know the formulae behind the NPER function in excel
Hi everyone, does anyone know the formulae behind the NPER function in
excel <
Sure it is pmt + pv*r_? I get pmt - pv*r_Hi. Given the equation for PV, and assuming type=0, then NPER equals:
=LN((pmt - fv*r_)/(pmt + pv*r_))/LN(1 + r_)