FVIFA Calculator
Written by:Abraham A.Finance.ThinkAndDone.com provides you online and windows calculators to calculate future value annuity factor FVIFA of a annuity worth a $1 given the interest rate per period and number of periods. FVIFA represents the compounded future value of a series of payments equal to $1; compounded interest includes interest not only on principal but also on interest earned in previous periods. This is unlike the simple interest that only includes interest on the principal amount. Interest may be compouded either discretely or it may be compounded continuously. This FVIFA calculator considers both these options and the results will show that FVIFA is higher when interest is compounded continuously whereas FVIFA is lower when interest is compounded on discrete terms. The online FVIFA calculator also permits you to find interest rate i when FVIFA and number of periods n are given, and finds number of periods n when FVIFA and interest rate i are given.
FVIFA Calculator
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type in the authorization code in the box located below:
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Discrete Compounding |
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Continuous Compounding |
Instructions
To use this online calculator to calculate future value annuity interest factor FVIFA of a $1, you need to type in interest rate per period i and number of periods.
- Assuming interest rate is 5.50 percent for 20 years
- You have to type in 5.50 for interest rate and 20 for years
To use this online calculator to calculate interest rate, you need to type in future value interest factor FVIFA and number of periods.
- Assuming future value interest factor is 34.868318 for 20 years
- You have to type in 34.868318 for FVIFA and 20 for years
To use this online calculator to calculate number of periods n, you need to type in future value interest factor FVIFA and interest rate n.
- Assuming future value interest factor is 40.9954923 at 7 percent rate of interest
- You have to type in 40.9954923 for FVIFA and 7 for interest rate