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This function returns the number of periods required by an investment to reach a specified value.
PDURATION(rate, pv, fv)
This function has the following arguments:
Argument | Description |
---|---|
rate | Value of interest rate per period |
pv | Present value of the investment |
fv | Desired future value of the investment |
All the arguments of this function have positive values.
All the passed arguments should be positive values.
Accepts numeric data. Returns numeric data.
PDURATION(0.025/12,1000,1200)
gives the result of 87.6