- r is the interest rate per period
- n is the number of periods
PVIFA: 7.8869
Explanation:
PVIFA = [1 – (1+r)-n] / r
PVIFA = [1 – (1+0.06)–11] / 0.06
PVIFA = 7.8869
Zach is the author behind Four Pillar Freedom, a blog that teaches you how to build wealth and gain freedom in life.
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