PVIFA Calculator

Where:

• • r = Interest rate per period
• • n = Number of periods
• • PVIFA = Present Value Interest Factor of Annuity

PVIFA (Present Value Interest Factor of Annuity) is a factor used to calculate the present value of an ordinary annuity.

Key Points:

• • Used in time value of money calculations
• • Assumes payments occur at the end of each period
• • Higher interest rates result in lower PVIFA values
• • Longer time periods increase PVIFA values