Difference between revisions of "Future value interest factor"
(Created page with "Future value interest factor (also known by its acronym, FVIF, as well as FVIF<small>I,N</small>) is the future value interest factor for a lump sum left in an account...") |
(No difference)
|
Latest revision as of 00:09, 28 October 2019
Future value interest factor (also known by its acronym, FVIF, as well as FVIFI,N) is the future value interest factor for a lump sum left in an account for N periods paying I percent interest per period.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Future value interest factor (FVIF, FVIFI,N). The future value interest factor for a lump sum left in an account for N periods paying I percent interest per period.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.