Need a formula to calculate the number of months to pay off a loan

G

Guest

I need a formula to calculate the number of months it will take to pay off a
loan, given interest rate, balance and the amount of payments.
 
N

Niek Otten

Look in HELP for the NPER() function

Make sure you use monthly rate if you require number of months

--
Kind regards,

Niek Otten

Microsoft MVP - Excel
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top