Present value of annuities
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.
