Name
NPer Function
Class
Microsoft.VisualBasic.Financial
Syntax
NPer(rate
,pmt
,pv
[,fv
[,due
]])
-
rate
(required; Double) The interest rate per period.
-
pmt
(required; Double) The payment to be made each period.
-
pv
(required; Double) The present value of the series of future payments or receipts.
-
fv
(optional; Double) The future value of the series of payments or receipts. If omitted, the default value is 0.
-
due
(optional;DueDate
enumeration) A value indicating when payments are due.
DueDate.EndOfPeriod
(0) indicates that payments are due at the end of the payment period, andDueDate.
BegOfPeriod
(1) indicates that payments are due at the beginning of the period. If omitted, the default value is 0.
Return Value
A Double indicating the number of payments
Description
Determines the number of payment periods for an annuity based on fixed periodic payments and a fixed interest rate
Rules at a Glance
rate
is a percentage expressed as a decimal. For example, a monthly interest rate of 1% is expressed as 0.01.For
pv
andfv
, cash paid out is represented by negative numbers; cash received is represented by positive numbers.
Example
Typically, the amount of time required to repay credit-card debt is never explicitly stated. The following program uses the NPer function to determine how much time is required to repay credit-card debt:
Private Sub HowLongToPay( ) Try Dim dblRate, dblPV, dblPmt As Double Dim lngNPer As Long dblPV = InputBox("Enter the Credit Card balance: ") dblPmt = InputBox("Enter ...
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