PVIFA Calculator

Nov 16, 2018

PVIFA Calculator is used to calculate the Present Value Interest Factor of Annuity. PVIFA is a factor used to determine the present value of a series of annuities. Checkout the PVIFA Table below which shows PVIFAs for rates from 0.25% to 20% and periods from 1 to 50.

PVIFA:
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The PVFIA works out the present value interest factor. This idea of the current worth from time worth of cash confirms that the worth of a solitary penny that is gotten today is more than the worth that it will be later on. PVIFA helps ascertain the current worth of the annuities to be gotten later on.

The underlying installment procures revenue at the intermittent rate (r) over various installment periods (n). PVIFA is likewise utilized in the recipe to ascertain the current worth of an annuity. When you have the PVIFA factor esteem, you can duplicate it by the intermittent installment add up to track down the current present worth of the Annuity. You can calculate the PVIFA for interest rates from the PVIFA table.

This table works on the ever-changing cycle for financial backers and, by and large, makes it simpler for you to compute the current worth without performing complex estimations. The most widely recognized way of utilizing present worth factor tables is investigated later in this article.

The computation of PVIFA depends on the idea of the time value of money. This thought specifies that money earned today is worth more than money that sometimes got not too far off. The money got today might be contributed and can be utilized to create revenue.

PVIFA formula

PVIFA = (1 - (1 + r / 100) ^ -n) / (r / 100)

Where:-

• r = interest rate per period
• n = number of periods
Example

Suppose we want to calculate the PVIFA for 12 periods with an interest rate of 10%. Using the above formula:-

• (1 - (1 + r / 100) ^ -n) / (r / 100)
• (1 - (1 + 10 / 100) ^ -12) / (10 / 100)
• (1 - (1 + 0.1) ^ -12) / 0.1
• (1 - 1.1 ^ -12) / 0.1
• (1 - 0.3186) / 0.1
• 0.6814 / 0.1
• PVIFA = 6.8137

PVIFA Table

PVIFA can also be calculated using the table given below. The PVIFA table contains the most well-known upsides of both n and r, which promptly shows the worth of PVIFA. The rate is shown across the top line, while the central section shows the number of periods. It gives a way to retrieve the annuity payments. This table is a beneficial device for contrasting various situations, and variable n and r esteems. The cell in the PVIFA table that compares to the proper line and segment demonstrates the current worth factor. This factor is used as the annuity installment and is used to find the present value. The significant disadvantage of a current worth interest factor table is the need to adjust determined figures, which penances accuracy.

The PVIFA is advantageous when deciding whether to take a single amount installment now or acknowledge an annuity installment later. You can use the assessed paces of return to look at the annuity installments' worth to the precise amount. If the annuity installments are for a foreordained sum traversing a foreordained scope of time, then the PVIFA can be determined.

It is adapted to change dependent on the length of the annuity installments and the speculation vehicle used. Higher loan costs bring about lower net present worth computations. The reason for this is that the worth of \$1 today decreases if we expect significant yields. The rebate rate utilized in the current worth premium factor computation approximates the average pace of return for future periods.

PVIFA is a subsidiary pointer that proposes the current worth of the series of incomes that the financial backer gets over the period at a given pace of interest. This loan fee could be the danger-free pace of return or the financing cost with the danger premium for the extra danger identified with the guarantor, the speculation time frame that the financial backer will take, or the return that the backer offers. This factor will determine the current sum if the financial backer has substitute choices. He can ascertain the present worth from that choice rate.

At long last, after looking at the two qualities, the financial backer might pick the choice that offers the better Net Present Benefit. Here Net Present Value contrasts the current worth of the proposed venture and the current money outpouring. Ideally, we must pick the speculation choice that has the greatest NPV.

Period0.25%0.5%0.75%
10.99750.9950.9926
21.99251.98511.9777
32.98512.97022.9556
43.97513.95053.9261
54.96274.92594.8894
65.94785.89645.8456
76.93056.86216.7946
87.91077.8237.7366
98.88858.77918.6716
109.86399.73049.5996
1110.836810.67710.5207
1211.807311.618911.4349
1312.775312.556212.3423
1413.74113.488713.243
1514.704214.416614.137
1615.66515.339915.0243
1716.623516.258615.905
1817.579517.172816.7792
1918.533218.082417.6468
2019.484518.987418.508
2120.433419.88819.3628
2221.3820.784120.2112
2322.324121.675721.0533
2423.26622.562921.8891
2524.205523.445622.7188
2625.142624.32423.5422
2726.077425.19824.3595
2827.009926.067725.1707
2927.9426.93325.9759
3028.867927.794126.7751
3129.793428.650827.5683
3230.716629.503328.3557
3331.637530.351529.1371
3432.556131.195529.9128
3533.472432.035430.6827
3634.386532.87131.4468
3735.298233.702532.2053
3836.207734.529932.9581
3937.114935.353133.7053
4038.019936.172234.4469
4138.922636.987335.1831
4239.82337.798335.9137
4340.721238.605336.6389
4441.617239.408237.3587
4542.510940.207238.0732
4643.402441.002238.7823
4744.291641.793239.4862
4845.178742.580340.1848
4946.063543.363540.8782
5046.946244.142841.5664
Period1%1.5%2%
10.99010.98520.9804
21.97041.95591.9416
32.9412.91222.8839
43.9023.85443.8077
54.85344.78264.7135
65.79555.69725.6014
76.72826.59826.472
87.65177.48597.3255
98.5668.36058.1622
109.47139.22228.9826
1110.367610.07119.7868
1211.255110.907510.5753
1312.133711.731511.3484
1413.003712.543412.1062
1513.865113.343212.8493
1614.717914.131313.5777
1715.562314.907614.2919
1816.398315.672614.992
1917.22616.426215.6785
2018.045617.168616.3514
2118.85717.900117.0112
2219.660418.620817.658
2320.455819.330918.2922
2421.243420.030418.9139
2522.023220.719619.5235
2622.795221.398620.121
2723.559622.067620.7069
2824.316422.726721.2813
2925.065823.376121.8444
3025.807724.015822.3965
3126.542324.646122.9377
3227.269625.267123.4683
3327.989725.87923.9886
3428.702726.481724.4986
3529.408627.075624.9986
3630.107527.660725.4888
3730.799528.237125.9695
3831.484728.805126.4406
3932.16329.364626.9026
4032.834729.915827.3555
4133.499730.45927.7995
4234.158130.994128.2348
4334.8131.521228.6616
4435.455532.040629.08
4536.094532.552329.4902
4636.727233.056529.8923
4737.353733.553230.2866
4837.97434.042630.6731
4938.588134.524731.0521
5039.196134.999731.4236
Period2.5%3%3.5%
10.97560.97090.9662
21.92741.91351.8997
32.8562.82862.8016
43.7623.71713.6731
54.64584.57974.5151
65.50815.41725.3286
76.34946.23036.1145
87.17017.01976.874
97.97097.78617.6077
108.75218.53028.3166
119.51429.25269.0016
1210.25789.9549.6633
1310.983210.63510.3027
1411.690911.296110.9205
1512.381411.937911.5174
1613.05512.561112.0941
1713.712213.166112.6513
1814.353413.753513.1897
1914.978914.323813.7098
2015.589214.877514.2124
2116.184515.41514.698
2216.765415.936915.1671
2317.332116.443615.6204
2417.88516.935516.0584
2518.424417.413116.4815
2618.950617.876816.8904
2719.46418.32717.2854
2819.964918.764117.667
2920.453519.188518.0358
3020.930319.600418.392
3121.395420.000418.7363
3221.849220.388819.0689
3322.291920.765819.3902
3422.723821.131819.7007
3523.145221.487220.0007
3623.556321.832320.2905
3723.957322.167220.5705
3824.348622.492520.8411
3924.730322.808221.1025
4025.102823.114821.3551
4125.466123.412421.5991
4225.820623.701421.8349
4326.166423.981922.0627
4426.503824.254322.2828
4526.83324.518722.4955
4627.154224.775422.7009
4727.467525.024722.8994
4827.773225.266723.0912
4928.071425.501723.2766
5028.362325.729823.4556
Period4%4.5%5%
10.96150.95690.9524
21.88611.87271.8594
32.77512.7492.7232
43.62993.58753.546
54.45184.394.3295
65.24215.15795.0757
76.00215.89275.7864
86.73276.59596.4632
97.43537.26887.1078
108.11097.91277.7217
118.76058.52898.3064
129.38519.11868.8633
139.98569.68299.3936
1410.563110.22289.8986
1511.118410.739510.3797
1611.652311.23410.8378
1712.165711.707211.2741
1812.659312.1611.6896
1913.133912.593312.0853
2013.590313.007912.4622
2114.029213.404712.8212
2214.451113.784413.163
2314.856814.147813.4886
2415.24714.495513.7986
2515.622114.828214.0939
2615.982815.146614.3752
2716.329615.451314.643
2816.663115.742914.8981
2916.983716.021915.1411
3017.29216.288915.3725
3117.588516.544415.5928
3217.873616.788915.8027
3318.147617.022916.0025
3418.411217.246816.1929
3518.664617.46116.3742
3618.908317.66616.5469
3719.142617.862216.7113
3819.367918.0516.8679
3919.584518.229717.017
4019.792818.401617.1591
4119.993118.566117.2944
4220.185618.723517.4232
4320.370818.874217.5459
4420.548819.018417.6628
4520.7219.156317.7741
4620.884719.288417.8801
4721.042919.414717.981
4821.195119.535618.0772
4921.341519.651318.1687
5021.482219.76218.2559
Period5.5%6%6.5%
10.94790.94340.939
21.84631.83341.8206
32.69792.6732.6485
43.50523.46513.4258
54.27034.21244.1557
64.99554.91734.841
75.6835.58245.4845
86.33466.20986.0888
96.95226.80176.6561
107.53767.36017.1888
118.09257.88697.689
128.61858.38388.1587
139.11718.85278.5997
149.58969.2959.0138
1510.03769.71229.4027
1610.462210.10599.7678
1710.864610.477310.1106
1811.246110.827610.4325
1911.607711.158110.7347
2011.950411.469911.0185
2112.275211.764111.285
2212.583212.041611.5352
2312.87512.303411.7701
2413.151712.550411.9907
2513.413912.783412.1979
2613.662513.003212.3924
2713.898113.210512.575
2814.121413.406212.7465
2914.333113.590712.9075
3014.533713.764813.0587
3114.723913.929113.2006
3214.904214.08413.3339
3315.075114.230213.4591
3415.23714.368113.5766
3515.390614.498213.687
3615.536114.62113.7906
3715.67414.736813.8879
3815.804714.84613.9792
3915.928714.949114.065
4016.046115.046314.1455
4116.157515.13814.2212
4216.26315.224514.2922
4316.36315.306214.3588
4416.457915.383214.4214
4516.547715.455814.4802
4616.632915.524414.5354
4716.713715.58914.5873
4816.790215.6514.6359
4916.862815.707614.6816
5016.931515.761914.7245
Period7%7.5%8%
10.93460.93020.9259
21.8081.79561.7833
32.62432.60052.5771
43.38723.34933.3121
54.10024.04593.9927
64.76654.69384.6229
75.38935.29665.2064
85.97135.85735.7466
96.51526.37896.2469
107.02366.86416.7101
117.49877.31547.139
127.94277.73537.5361
138.35778.12587.9038
148.74558.48928.2442
159.10798.82718.5595
169.44669.14158.8514
179.76329.4349.1216
1810.05919.7069.3719
1910.33569.95919.6036
2010.59410.19459.8181
2110.835510.413510.0168
2211.061210.617210.2007
2311.272210.806710.3711
2411.469310.98310.5288
2511.653611.146910.6748
2611.825811.299510.81
2711.986711.441410.9352
2812.137111.573411.0511
2912.277711.696211.1584
3012.40911.810411.2578
3112.531811.916611.3498
3212.646612.015511.435
3312.753812.107411.5139
3412.85412.192911.5869
3512.947712.272511.6546
3613.035212.346511.7172
3713.11712.415411.7752
3813.193512.479411.8289
3913.264912.53911.8786
4013.331712.594411.9246
4113.394112.64611.9672
4213.452412.693912.0067
4313.50712.738512.0432
4413.557912.7812.0771
4513.605512.818612.1084
4613.6512.854512.1374
4713.691612.887912.1643
4813.730512.91912.1891
4913.766812.947912.2122
5013.800712.974812.2335
Period8.5%9%9.5%
10.92170.91740.9132
21.77111.75911.7473
32.5542.53132.5089
43.27563.23973.2045
53.94063.88973.8397
64.55364.48594.4198
75.11855.0334.9496
85.63925.53485.4334
96.11915.99525.8753
106.56136.41776.2788
116.9696.80526.6473
127.34477.16076.9838
137.6917.48697.2912
148.01017.78627.5719
158.30428.06077.8282
168.57538.31268.0623
178.82528.54368.276
189.05558.75568.4713
199.26778.95018.6496
209.46339.12858.8124
219.64369.29228.9611
229.80989.44249.0969
239.96299.58029.2209
2410.10419.70669.3341
2510.23429.82269.4376
2610.35419.9299.532
2710.464610.02669.6183
2810.566510.11619.6971
2910.660310.19839.769
3010.746810.27379.8347
3110.826610.34289.8947
3210.900110.40629.9495
3310.967810.46449.9996
3411.030210.517810.0453
3511.087810.566810.087
3611.140810.611810.1251
3711.189710.65310.1599
3811.234710.690810.1917
3911.276310.725510.2207
4011.314510.757410.2472
4111.349810.786610.2715
4211.382310.813410.2936
4311.412310.83810.3138
4411.439910.860510.3322
4511.465310.881210.349
4611.488810.900210.3644
4711.510410.917610.3785
4811.530310.933610.3913
4911.548710.948210.403
5011.565610.961710.4137
Period10%11%12%
10.90910.90090.8929
21.73551.71251.6901
32.48692.44372.4018
43.16993.10243.0373
53.79083.69593.6048
64.35534.23054.1114
74.86844.71224.5638
85.33495.14614.9676
95.7595.5375.3282
106.14465.88925.6502
116.49516.20655.9377
126.81376.49246.1944
137.10346.74996.4235
147.36676.98196.6282
157.60617.19096.8109
167.82377.37926.974
178.02167.54887.1196
188.20147.70167.2497
198.36497.83937.3658
208.51367.96337.4694
218.64878.07517.562
228.77158.17577.6446
238.88328.26647.7184
248.98478.34817.7843
259.0778.42177.8431
269.16098.48817.8957
279.23728.54787.9426
289.30668.60167.9844
299.36968.65018.0218
309.42698.69388.0552
319.4798.73318.085
329.52648.76868.1116
339.56948.80058.1354
349.60868.82938.1566
359.64428.85528.1755
369.67658.87868.1924
379.70598.89968.2075
389.73278.91868.221
399.7578.93578.233
409.77918.95118.2438
419.79918.96498.2534
429.81748.97748.2619
439.8348.98868.2696
449.84918.99888.2764
459.86289.00798.2825
469.87539.01618.288
479.88669.02358.2928
489.89699.03028.2972
499.90639.03628.301
509.91489.04178.3045
Period13%14%15%
10.8850.87720.8696
21.66811.64671.6257
32.36122.32162.2832
42.97452.91372.855
53.51723.43313.3522
63.99753.88873.7845
74.42264.28834.1604
84.79884.63894.4873
95.13174.94644.7716
105.42625.21615.0188
115.68695.45275.2337
125.91765.66035.4206
136.12185.84245.5831
146.30256.00215.7245
156.46246.14225.8474
166.60396.26515.9542
176.72916.37296.0472
186.83996.46746.128
196.9386.55046.1982
207.02486.62316.2593
217.10166.6876.3125
227.16956.74296.3587
237.22976.79216.3988
247.28296.83516.4338
257.336.87296.4641
267.37176.90616.4906
277.40866.93526.5135
287.44126.96076.5335
297.47016.9836.5509
307.49577.00276.566
317.51837.01996.5791
327.53837.0356.5905
337.5567.04826.6005
347.57177.05996.6091
357.58567.076.6166
367.59797.0796.6231
377.60877.08686.6288
387.61837.09376.6338
397.62687.09976.638
407.63447.1056.6418
417.6417.10976.645
427.64697.11386.6478
437.65227.11736.6503
447.65687.12056.6524
457.66097.12326.6543
467.66457.12566.6559
477.66777.12776.6573
487.67057.12966.6585
497.6737.13126.6596
507.67527.13276.6605
Period16%17%18%
10.86210.85470.8475
21.60521.58521.5656
32.24592.20962.1743
42.79822.74322.6901
53.27433.19933.1272
63.68473.58923.4976
74.03863.92243.8115
84.34364.20724.0776
94.60654.45064.303
104.83324.65864.4941
115.02864.83644.656
125.19714.98844.7932
135.34235.11834.9095
145.46755.22935.0081
155.57555.32425.0916
165.66855.40535.1624
175.74875.47465.2223
185.81785.53395.2732
195.87755.58455.3162
205.92885.62785.3527
215.97315.66485.3837
226.01135.69645.4099
236.04425.72345.4321
246.07265.74655.4509
256.09715.76625.4669
266.11825.78315.4804
276.13645.79755.4919
286.1525.80995.5016
296.16565.82045.5098
306.17725.82945.5168
316.18725.83715.5227
326.19595.84375.5277
336.20345.84935.532
346.20985.85415.5356
356.21535.85825.5386
366.22015.86175.5412
376.22425.86475.5434
386.22785.86735.5452
396.23095.86955.5468
406.23355.87135.5482
416.23585.87295.5493
426.23775.87435.5502
436.23945.87555.551
446.24095.87655.5517
456.24215.87735.5523
466.24325.87815.5528
476.24425.87875.5532
486.2455.87925.5536
496.24575.87975.5539
506.24635.88015.5541
Period19%20%21%
10.84030.83330.8264
21.54651.52781.5095
32.13992.10652.0739
42.63862.58872.5404
53.05762.99062.926
63.40983.32553.2446
73.70573.60463.5079
83.95443.83723.7256
94.16334.0313.9054
104.33894.19254.0541
114.48654.32714.1769
124.61054.43924.2784
134.71474.53274.3624
144.80234.61064.4317
154.87594.67554.489
164.93774.72964.5364
174.98974.77464.5755
185.03334.81224.6079
195.074.84354.6346
205.10094.86964.6567
215.12684.89134.675
225.14864.90944.69
235.16684.92454.7025
245.18224.93714.7128
255.19514.94764.7213
265.2064.95634.7284
275.21514.96364.7342
285.22284.96974.739
295.22924.97474.743
305.23474.97894.7463
315.23924.98244.749
325.2434.98544.7512
335.24624.98784.7531
345.24894.98984.7546
355.25124.99154.7559
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