# Manuals/calci/PVIF

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**PVIF (Rate,NumberOfPayments)**

- is the rate of interest.
- is the number of installments.

## Description

- This function shows the present value interest factor.
- In , is the rate of intesrest.
- is the number of installments.
- The present value factor which is a factor used to calculate an estimate of the present value of an amount to be received in a future period.
- The present value factor is also called present value interest factor.
- The formula for PVIF is :

,where r = interest rate per period.n = number of periods.

- This function will return the result as NaN when any one of the parameter is non numeric.

## Examples

- PVIF(9,3) = 1000
- PVIF(7.3,13) = 887187064230.8887
- PVIF(3.65,45) = 1.0848829404063244e+30

## Related Videos

## See Also

## References