Learn how PVIFA helps compare the present value of a lump sum vs. annuity payments. Discover useful formulas and tables for calculating annuity values.

Because annuities offer advantages like regular lifetime payments, premium protection, tax-deferred growth, unlimited contributions, and various investment options, they should be a part of your ...

An annuity is an insurance contract you purchase to receive payments for a specific period, such as 30 years, or for the rest of your life. By applying a mathematical formula consisting of variables ...