Manuals/calci/PVIF

PVIF (Rate,NumberOfPayments)

• $Rate$ is the rate of interest.
• $NumberOfPayments$ is the number of installments.

Description

• This function shows the present value interest factor.
• In $PVIF(Rate,NumberOfPayments)$,$Rate$ is the rate of intesrest.
• $NumberOfPayments$ 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 :

$PVIF={\frac {1}{(1+r)^{n}}}$,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

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

Related Videos

PVIF

See Also

• PV
• PVIFA
• FV

References

• PVIF

• List of Main Z Functions

• Z3 home