Returns the net present value of an investment with regular cash payments.

NPV(discountrate, payment1, payment2, ... payment30)

payment1 to payment30 are up to 30 numbers or ranges containing numbers, representing payments made at the end of each of a series of fixed length periods. The payments may be both positive and negative, for income and outgoing.

discountrate is the discount rate (expressed as a fraction of 1) which you consider applies to one single period. It is assumed to be constant for all periods.

NPV calculates the net present value using the formula:

NPV(8.75%, 1000, 2000, 3000)

where the discount rate 8.75% is the assumed competitive return over one year, and 1000 is to be paid at the end of year 1, 2000 at the end of year 2 and 3000 at the end of year 3, returns 4943.21 as currency.

NPV(0.0875, A1:A3)

where cells A1:A3 contain 1000, 2000 and 3000, returns 4943.21 similarly.

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