Calculate the present value interest factor of an annuity.
Please do not make financial decisions based on these results.
What is the PVIFA Calculator?
Calculate the present value interest factor of an annuity. To use the PVIFA Calculator, enter rate per period, number of periods, payment per period; it returns pvifa, present value of annuity, and shows them instantly as you type.
Where the PVIFA Calculator fits
Calculate the present value interest factor of an annuity. The main figure it returns is the PVIFA, worked out from the values you enter.
It belongs with the other investment tools. If you are comparing options or checking a result from another angle, try the NPV Calculator – Net Present Value, Finance Calculator or the Rate of Return Calculator.
How to use the PVIFA Calculator
- Fill in the fields. You will need Rate per period (%), Number of periods, Payment per period ($). Use a rate of return you consider realistic; small changes compound into large differences. Fields marked optional can stay at zero.
- Read the result. The highlighted box gives the PVIFA, and the cards below show Present value of annuity. Tables and charts break it down further.
- Test other scenarios. Results update as you type. Change one value at a time to see what drives the answer, and press Reset to go back to the defaults.
Formula and how it works
Example with real numbers
Here is the PVIFA Calculator using the default values shown in the calculator above:
Inputs
| Rate per period (%) | 6 |
|---|---|
| Number of periods | 10 |
| Payment per period ($) | 1,000 |
Results
| PVIFA | 7.3601 |
|---|---|
| Present value of annuity | $7,360.09 |
With these inputs the calculator returns PVIFA: 7.3601. Change any value in the calculator to see how the result moves.
What if you change one input?
Sensitivity check: raising Rate per period (%) from 6 to 7.2 (about 20% higher) and leaving everything else as in the example above changes the results like this:
| Result | Example | After the change | Change |
|---|---|---|---|
| PVIFA | 7.3601 | 6.9591 | -5.4% |
| Present value of annuity | $7,360.09 | $6,959.11 | -5.4% |
The input that moves the result most is the one to check twice. Change it in the calculator above to test your own case.
What the results tell you
The results panel of the PVIFA Calculator reports PVIFA and present value of annuity. Compare these figures while changing one input at a time, and use the related calculators below to look at the same situation from another angle.
Method and limits. This calculator applies the formula in the section above to your inputs, in your browser; nothing you enter is stored on our servers. Investment returns are not guaranteed. The result shows what the numbers you enter would produce, not what the market will do. It is for information, not financial, tax or legal advice.
Frequently asked questions
What is PVIFA used for?
Multiply it by a regular payment to find the present value of the annuity.
Are investment returns guaranteed?
No. Real returns vary. Use these tools to compare scenarios, not to predict results.
What rate of return should I assume?
There is no guaranteed rate. Test a range of conservative and optimistic rates, and remember that fees and inflation reduce your real return.
Are the results guaranteed?
No. Results depend entirely on the numbers you enter and the formulas shown on this page. Please do not make financial decisions based on them alone; confirm important figures with a licensed professional.
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