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CTERM

 

Syntax: @CTERM(R, FV, PV)

R = interest rate
FV = future value of the investment
PV = present value of the investment

@CTERM calculates the number of compounding periods required for an investment of PV to reach a value of FV at the given interest rate R. The formula is given by:

displaymath16027

Examples:

@CTERM(0.085, 1500, 1000) = 4.97 (years, if the annual interest rate is 8.5%)

@CTERM(B5, D5, C5) = 11, where B5 = 10.5%, D5 = $300,000, and C5 = $100,000

@CTERM(.09, 1900, 1100) = 6.3


next up previous contents index
Next: CUMIPMT Up: A Function Reference Previous: CSUM

NExS User's Guide, Version 1.4.5
Grey Trout Software
11 April 1999