PVIFA Calculator
Written by:Abraham A.Finance.ThinkAndDone.com provides you online and windows calculators to calculate present value annuity factor PVIFA of a annuity worth a $1 given the interest rate per period and number of periods. PVIFA represents the discounted present value of a series of payments equal to $1; discounted 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 discounted either discretely or it may be discounted continuously. This PVIFA calculator considers both these options and the results will show that PVIFA is higher when interest is discounted continuously whereas PVIFA is lower when interest is discounted on discrete terms. The online PVIFA calculator also permits you to find interest rate i when PVIFA and number of periods n are given, and finds number of periods n when PVIFA and interest rate i are given.
PVIFA Calculator
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Discrete Compounding |
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Instructions
To use this online calculator to calculate present value annuity interest factor PVIFA of a $1, you need to type in interest rate per period i and number of periods.
- Assuming interest rate is 3.50 percent for 15 years
- You have to type in 3.50 for interest rate and 15 for years
To use this online calculator to calculate interest rate, you need to type in present value interest factor PVIFA and number of periods.
- Assuming present value interest factor is 11.5174109 for 15 years
- You have to type in 11.5174109 for PVIFA and 15 for years
To use this online calculator to calculate number of periods n, you need to type in present value interest factor PVIFA and interest rate n.
- Assuming present value interest factor is 9.107914 at 7 percent rate of interest
- You have to type in 9.107914 for PVIFA and 7 for interest rate
PVIFA Table
You can find yourself a PVIFA PDF download file that lists the present value annuity factors of a $1 at interest rates per period ranging from 1% to 50% for number of periods ranging from 1 to 50. The PVIFA table comes in an easy to read format where alternating rows are highlighted in contrasting colors. A must have for any financial analyst, business student, and other accounting professionals.
PVIFA on ba ii plus
Texas Instruments has many popular hand-held financial calculators and TI BA II plus is one of these. PVIFA on BA II plus may be found using the time value of money function keys. You can follow the instructions it the tutorial that shows you how to find PVIFA on BA II plus.