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PDURATION

This function returns the number of periods required by an investment to reach a specified value.

Syntax

PDURATION(rate, pv, fv)

Arguments

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.

Remarks

All the passed arguments should be positive values.

Data Types

Accepts numeric data. Returns numeric data.

Examples

PDURATION(0.025/12,1000,1200) gives the result of 87.6