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PVIFA Calculator
Calculate the Present Value Interest Factor of an Annuity (PVIFA), a building block used to value a series of equal future cash flows.
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What is PVIFA?
The Present Value Interest Factor of an Annuity (PVIFA) is a multiplier used in finance to quickly calculate the present value of a series of equal, regular future cash flows (an ordinary annuity).
The formula
PVIFA = [1 − (1 + r)−n] / r, where r is the discount rate per period and n is the number of periods. Multiplying PVIFA by the periodic payment amount gives the total present value of the annuity.
This calculator is for general finance education.
Last reviewed August 2026