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PVIFA Value
Calculation Principles & Formulas
The Present Value Interest Factor of Annuity (PVIFA) is used to calculate the present value of a series of equal periodic payments (annuity). By multiplying the periodic payment amount by the PVIFA, you can quickly find the total present value. This is useful for evaluating loans, leases, or periodic investments.
[Formula]
PVIFA = (1 - (1 + r)^-n) / r
Where:
r = Interest rate per period
n = Total number of periods
Note: When the interest rate r is 0, PVIFA = n.
