Definitions for "Interest Factor"
Keywords:  fvif, pvif, formulas, decimal, derived
Numbers found in compound interest and annuity tables. Usually called the FVIF or PVIF.
a number used at the end of each payment period to calculate what you owe in interest
The decimal equivalent for an interest rate on a unit amount for a time period. It is computed by interest rate divided by number of days in basic year times the number of days accrued.
The amount the company assumes will be earned on invested premiums in an insurance contract.
One of three factors taken into consideration by an insurance company when calculating premium rates. This is an estimate of the overall average interest that will be earned by the insurer on invested premium payments.