Present value of annuities
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Present value of annuities (also known by its acronym, PVA, and PVAn) is the value today of a future stream of N equal payments at the end of each period (an ordinary annuity).
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- PVA, PVAn. The value today of a future stream of N equal payments at the end of each period (an ordinary annuity).
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.