Present value interest factor
Present value interest factor (also known by its acronym, PVIF, and PVIFI,N) is the present value interest factor for a lump sum received N periods in the future discounted at I percent per period.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Present value interest factor (PVIF, PVIFI,N). The present value interest factor for a lump sum received N periods in the future discounted at I percent per period.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
