DATABASE FUNDAMENTALS
HOW TO MODIFY THE WORKSHEET TAB IN EXCEL
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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NPER
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VSER
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GEAF
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LPFI
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Detailed explanation-1: -The NPER function calculates the number of payment periods for an investment based on constant-amount periodic payments and a constant interest rate.
Detailed explanation-2: -The NPER Function[1] is categorized under Excel Financial functions. The function helps calculate the number of periods that are required to pay off a loan or reach an investment goal through regular periodic payments and at a fixed interest rate.
Detailed explanation-3: -NPER stands for “Number of Periods.” The number of periods required to clear the loan amount at the specified interest rate and set the monthly EMI amount. Using the NPER Function. This formula takes rate, payment made, present value and future value as input from a user.
Detailed explanation-4: -The Excel NPER function is a financial function that returns the number of periods for a loan or investment. You can use the NPER function to get the number of payment periods for a loan, given the amount, the interest rate, and periodic payment amount.
Detailed explanation-5: -Payment (PMT) This is the payment per period. To calculate a payment the number of periods (N), interest rate per period (i%) and present value (PV) are used.