Present value interest factor for annuities
Present value interest factor for annuities (also known by its acronym, PVIFA, and PVIFAI,N) is the present value interest factor for an ordinary annuity of N periodic payments discounted at I percent interest per period.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Present value interest factor for annuities (PVIFA, PVIFAI,N). The present value interest factor for an ordinary annuity of N periodic payments discounted at 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.
