Difference between revisions of "Future value interest factor for annuity"
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==Definitions== | ==Definitions== | ||
According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]], | According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]], | ||
| − | :[[Future value interest factor for annuity]] ( | + | :[[Future value interest factor for annuity]] (FVIFA, FVIFA<small>I,N</small>). The future value interest factor for an ordinary annuity of N periodic payments paying I percent interest per period. |
==Related concepts== | ==Related concepts== | ||
Latest revision as of 00:27, 28 October 2019
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.
