Present value interest factor for annuities
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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.