Present Value Interest Factor Of Annuity (PVIFOA) Calculator

Calculate the present value interest factor of an annuity with our calculator, taking into account interest rate and number of periods. Get result instantly!

Result Pvifa 0

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Formula

Pvifa = (1 - (1 + (Interest rate/100))^-Number of periods) / (Interest rate/100)

Example

The interest rate is 6% and there are 5 years (period = years in this case). The result is 4.212.

Meaning

The PVIFA (Present Value Interest Factor Of Annuity) is a calculation used to determine the current value of a series of future cash flows, taking into account the time value of money. It represents the factor by which you can multiply each dollar amount in an annuity to find its present-day equivalent.