This article describes the formula syntax and usage of the PDURATION function (function: A prewritten formula that takes a value or values, performs an operation, and returns a value or values. Use functions to simplify and shorten formulas on a worksheet, especially those that perform lengthy or complex calculations.) in Microsoft Excel.
Returns the number of periods required by an investment to reach a specified value.
PDURATION(rate, pv, fv)
The PDURATION function syntax has the following arguments.
- Rate Required. Rate is the interest rate per period.
- Pv Required. Pv is the present value of the investment.
- Fv Required. Fv is the desired future value of the investment.
PDURATION uses the following equation, where specifiedValue is equal to fv, and currentValue is equal to pv:
- PDURATION requires that all arguments are positive values.
- If argument values are not valid, PDURATION returns the #NUM! error value.
- If arguments are not using valid data types, PDURATION returns the #VALUE! error value.
The workbook below shows examples of this function. Inspect them, change existing formulas, or enter your own formulas to learn how the function works.
To work more in-depth with the example data in Excel, download the embedded workbook to your computer, and then open it in Excel.
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