Future value interest factor for annuity
Future value interest factor for annuity (also known as FVIFA and FVIFAI,N]] is the future value interest factor for an ordinary annuity of N periodic payments paying I percent interest per period.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Future value interest factor for annuity (FVIFA, FVIFAI,N). The future value interest factor for an ordinary annuity of N periodic payments paying I percent interest per period.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
