Yes, my apologies. I used nper(7.75%, 50000, -6460000) and -645000, to
determine the number of periods of spending before the money ran
out. I must say it never occured to me that the money would never run
out.



> 
> On Mon, May 8, 2017 at 11:24 AM, Scott Ballantyne <[email protected]> wrote:
> >> This seems a bug:
> 
> I don't think so.
> 
> >> nper(7.75%,50000,646000) -> #VALUE!
> >> nper(7.75%,50000,645000) -> 111
> >>
> >> Seems anything greater than 646000 for PV causes this error, which is
> >> very unfortunate for me :(
> 
> 
> I reckon the bug report is mistaken in at least two ways.
> 
> 1) For starters, to get a meaningful result, it is almost certainly necessary
>  for the "pmt" field to be negative.
> 
> 2) The #VALUE! result is correct in cases where the pmt is insufficient to
>  keep up with the accrued interest.  Here are the results I get, which do
>  not seem erroneous in any obvious way, although the negative results require
>  thoughtful interpretation:
> 
> A     B               C       D       E               F       G
> -9.295        =nper(C1,D1,E1) 7.75%   50000   646000          7.740%  =D1/E1
> -9.284                        7.75%   50000   645000          7.752%  
>                                                       
> #VALUE!                       7.75%   -50000  646000          -7.740% 
> 111.115                       7.75%   -50000  645000          -7.752% 
> 
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