Finance

PVIFA Calculator

Calculate the Present Value Interest Factor of an Annuity for loan and bond pricing.

Interest Rate per Period (%)

Number of Periods

Payment per Period ($) (optional)

PVIFA—

Present Value of Annuity—

PVIFA = [1 − (1 + r)⁻ⁿ] / r
PV of Annuity = PMT × PVIFA

What is PVIFA?

PVIFA is a factor used to calculate the present value of a series of equal payments (annuity). Multiply the periodic payment by PVIFA to get the lump sum value today. It's used in bond pricing, loan amortization, and pension valuation.