FVIFA Calculator is used to calculate the FVIFA factor of a series of annuities

- FVIFA:
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- What does FVIFA mean?
- FVIFA or the future value interest factor of annuity is a factor that is being used to calculate the future value of series of annuities.

- Formula
- FVIFA = [(1 +k) ^ n] - 1] / k
Where:-

- k = Rate of Interest
- n = No. of years
- n = Number of periods

- Example
FVAEP (Future Value of the Annuity at End of the Period) = A * FVIFA

Where:-

A = Principal Amount

Assume that Mr. Jai deposited Rs.1000 annually in a bank for a term of 5 years at the rate of 10%.

Then the value of the deposits after 5 years based on deferred annuity will be:-

FVAEP = Rs.1,000 (FVIFA)

Where rate is 10% and time 5 year

- = 1,000 *(((1.10) ^ 5 - 1) / 0.10)
- = 1,000 Ã— 6.105
- FVIFA = Rs.6,105