With this example you can lear how to use the NPER formula in excel.
NPER permits to find the number of periods necessary to achieve a goal of money supposing that you can save an equal quantity of money every month.
Savings Plan
This workbook calculates the necessary period of time to achive savings goals.
Suppose, for example, that you want to change your car. With this sheet you could solve the period of time necessary to save enough money.
Fill in the cells the amount of money you can save every month, the anual interest rate and the amount of money goal. Excel will find how many years and months you will need.
The sequence of your savings and your savings plus your interests are showed graphically.
The files for MS Excel 2007
The files for MS Excel 2003-02
Spanish Version
Monday, June 8, 2009
Example: Savings Planner
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