---
title: "Months to pay off a loan with NPER | PracticeExcel"
description: "Practice NPER in a live spreadsheet: how many monthly payments it takes to pay off a loan."
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# **Months to pay off a loan with NPER**

**Premium**

In B5, work out how many monthly payments of 500 it takes to pay off the loan, with NPER. Use the monthly rate and give the payment and the loan opposite signs: NPER(B3/12,-B4,B2).

B5fx

|  | A | B | C | D | E | F |
| --- | --- | --- | --- | --- | --- | --- |
| 1 | Loan | Value |  |  |  | |
| 2 | Amount borrowed | 12000 |  |  |  | |
| 3 | Interest rate per year | 0.05 |  |  |  | |
| 4 | Monthly payment | 500 |  |  |  | |
| 5 | Months to pay off |  |  |  |  | |
| 6 |  |  |  |  |  | |
| 7 |  |  |  |  |  | |
| 8 |  |  |  |  |  | |

**Premium lesson**

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