Present value interest factor

In economics, present value interest factor (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 involves a number of variables, which are set out in the following description of the calculation: == Formula == Let: W {\displaystyle W} = the amount borrowed (loan) i {\displaystyle i} = the effective (i.e.

Source: Wikipedia — Present value interest factor (CC BY-SA 4.0)