Excel - Microsoft Excel PDURATION Function

Description

Returns the number of periods required by an investment to reach a specified value.

Syntax

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:

Remarks

• 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.