### description:

Returns the present value of an investment: the total amount that a series of future payments is worth now. |

### syntax:

=NPER( rate, nper, pmt, [fv], [type] ) |

### required arguments:

rate |
The interest rate per period. |

nper |
The total number of payment periods. |

pmt |
The payment made each period. |

### optional arguments:

[fv] |
The future value. |

[type] |
0 = end of period. 1 = beginning of period. Default is 0. |