Present value interest factor (Ofer Abarbanel online library)

In economics, Present value interest factor, also known by the acronym PVIF, is used in finance theory to refer to the output of a calculation, used to determine the monthly payment needed to repay a loan. The calculation has a number of variable factors, which include the quantity borrowed, the given interest rate, the number of regular intervals at which the loan is to be repaid and the term of the loan.

 

Ofer Abarbanel online library