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EXCEL PDURATION FUNCTION
Excel PDURATION Function Introduction
The Pduration function in Excel determines the number of periods necessary for an investment to achieve a certain future value.
Description of Excel PDURATION Function
Syntax :
=PDURATION( rate, pv, fv )
Parameters :
- Rate – The interest rate for a given period.
- Pv – The investment’s present value.
- Fv – The investment’s needed future worth.
Step By Step Guide of PDURATION Function
Example :
the Excel Pduration function was used to compute the number of years necessary for a $10,000 investment producing 4% interest per year to reach a value of $15,000. The Excel Pduration function returns the value 10.33803507 with these arguments. In other words, it would take 10.34 years for a $10,000 investment yielding 4% interest per year to achieve a value of $15,000.
Key Points
- #NUM! – This error occurs if any of the supplied parameters is zero or negative.
- #VALUE! – This error occurs if any of the supplied parameters is not a number.
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