Manuals/calci/FVIFA

FVIFA (Rate,NumberOfPayments)

Where

• $Rate$ is the rate of interest per period,
• $NumberOfPayments$ is the total number of payment periods in an annuity,
  • FVIFA() calculates the future value interest factor of annuity depending on payment periods, and interest rate.

Description

FVIFA (Rate,NumberOfPayments)

• For monthly payment, Rate should be divided by 12 (e.g. 10%/12) and PaymentPeroid should be multiplied by 12 (e.g. 4*12).

Examples

1. =FVIFA(4%/12,6) : Calculates the future value interest rate in annuity where annual interest rate is compounded monthly.
Displays 6.050222778519099 as a result.

2. =FVIFA(5%,20) : Calculates the future value interest rate in annuity
. Displays 33.06595410288845 as a result.

Related Videos

FV

See Also

• FV
• FVIF
• FVSCHEDULE

References

• Future Value

• List of Main Z Functions

• Z3 home