When solving for NPER, I've had a couple of occasions where Excel
returns #NUM!
But if I changed the PMT amount (not changing the +/- sign, just the
amount), I found that the error only occurred at a certain value and
lower.
If the other variables are different, this threshold would be
different.
But above the threshold, N (or NPER in Excel) solves just fine.
I show two examples below. ***If you drop the value of
the PMT by just one, the #NUM! error is returned.***
Is there a fundamental that I didn't learn; or is there some other
idiosyncrasy?
Thanks
RICK
rate 7% 8%
pmt 12658 88578
pv -193484.50 -1269616.52
fv 0 0
BEG/END 1 1
solve nper 169 188
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