The equation that results in the present value interest factor for a single deposit is as follows: 1(1 r)t
The interest rate in decimal form for a given length of time on a unit of money. It is calculated by multiplying the number of days in the basic year by the number of days accrued.
The outcome of a computation used to assess the amount of money needed to pay back a loan each month is referred to as the "Present Value Interest Factor" (also known as PVIF) in economics.
As a result, the result of the interest factor is on the present value.
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