Home ➜ VBA Tutorial ➜ Top VBA Functions ➜ **VBA NPER Function (Syntax + Example)**

The VBA NPER function is listed under the financial category of VBA functions. When you use it in a VBA code, **it calculates the number of payments that need to be made for a loan or an investment** where payment and rate of interest are the same.

## Syntax

**NPER(Rate, Pmt, Pv, [Fv], [Due])**

## Arguments

**Rate**: The rate of interest for the period.**Pmt**: The fixed amount of payment per period.**PV**: The present value of investment or loan.**[FV]**: The future value of the loan/investment [This is an optional argument and if omitted VBA takes 0 by default].**[Due]**: Defines whether the payment is due at the start or the end of the period, use 0 for the end of the period and 1 for the start of the period [This is an optional argument and if omitted VBA takes the end of the period by default].

## Example

To practically understand how to use VBA NPER function, you need to go through the below example where we have written a vba code by using it:

```
Sub example_NPER()
Range("A9").Value = NPer(0.08 / 12, 1000, 96000)
End Sub
```

In the above code, we have used the NPR to calculate the total number of periods for the investment and it has returned 67.17.

## Notes

- Both “rate” and “nper” arguments need to calculate using payment periods that are expressed in the same units.
- If the future value supplied will never be met for the supplied interest rate and payments then the VBA will return an error.

## Related Functions

DDB | FV | IPMT | IRR | MIRR | NPV | PMT | PV | RATE | SLN | SYD