Present Value of an Ordinary Annuity Table
Present Value Factors for an Ordinary Annuity (PVOA Factors) for 1.000 per Period.
Example:
When interest is 6% per period and it is compounded each period, receiving 1.000 at the end of each period for 8 periods has a present value of 6.210.
| Payments | 1% | 2% | 3% | 4% | 5% | 6% | 7% | 8% | 9% | 10% | 11% | 12% | 13% | 14% | 15% | 16% | 17% | 18% | 19% | 20% |
| 1 | 0.9901 | 0.9804 | 0.9709 | 0.9615 | 0.9524 | 0.9434 | 0.9346 | 0.9259 | 0.9174 | 0.9091 | 0.9009 | 0.8929 | 0.8850 | 0.8772 | 0.8696 | 0.8621 | 0.8547 | 0.8475 | 0.8403 | 0.8333 |
| 2 | 1.9704 | 1.9416 | 1.9135 | 1.8861 | 1.8594 | 1.8334 | 1.8080 | 1.7833 | 1.7591 | 1.7355 | 1.7125 | 1.6901 | 1.6681 | 1.6467 | 1.6257 | 1.6052 | 1.5852 | 1.5656 | 1.5465 | 1.5278 |
| 3 | 2.9410 | 2.8839 | 2.8286 | 2.7751 | 2.7232 | 2.6730 | 2.6243 | 2.5771 | 2.5313 | 2.4869 | 2.4437 | 2.4018 | 2.3612 | 2.3216 | 2.2832 | 2.2459 | 2.2096 | 2.1743 | 2.1399 | 2.1065 |
| 4 | 3.9020 | 3.8077 | 3.7171 | 3.6299 | 3.5460 | 3.4651 | 3.3872 | 3.3121 | 3.2397 | 3.1699 | 3.1024 | 3.0373 | 2.9745 | 2.9137 | 2.8550 | 2.7982 | 2.7432 | 2.6901 | 2.6386 | 2.5887 |
| 5 | 4.8534 | 4.7135 | 4.5797 | 4.4518 | 4.3295 | 4.2124 | 4.1002 | 3.9927 | 3.8897 | 3.7908 | 3.6959 | 3.6048 | 3.5172 | 3.4331 | 3.3522 | 3.2743 | 3.1993 | 3.1272 | 3.0576 | 2.9906 |
| 6 | 5.7955 | 5.6014 | 5.4172 | 5.2421 | 5.0757 | 4.9173 | 4.7665 | 4.6229 | 4.4859 | 4.3553 | 4.2305 | 4.1114 | 3.9975 | 3.8887 | 3.7845 | 3.6847 | 3.5892 | 3.4976 | 3.4098 | 3.3255 |
| 7 | 6.7282 | 6.4720 | 6.2303 | 6.0021 | 5.7864 | 5.5824 | 5.3893 | 5.2064 | 5.0330 | 4.8684 | 4.7122 | 4.5638 | 4.4226 | 4.2883 | 4.1604 | 4.0386 | 3.9224 | 3.8115 | 3.7057 | 3.6046 |
| 8 | 7.6517 | 7.3255 | 7.0197 | 6.7327 | 6.4632 | 6.2098 | 5.9713 | 5.7466 | 5.5348 | 5.3349 | 5.1461 | 4.9676 | 4.7988 | 4.6389 | 4.4873 | 4.3436 | 4.2072 | 4.0776 | 3.9544 | 3.8372 |
| 9 | 8.5660 | 8.1622 | 7.7861 | 7.4353 | 7.1078 | 6.8017 | 6.5152 | 6.2469 | 5.9952 | 5.7590 | 5.5370 | 5.3282 | 5.1317 | 4.9464 | 4.7716 | 4.6065 | 4.4506 | 4.3030 | 4.1633 | 4.0310 |
| 10 | 9.4713 | 8.9826 | 8.5302 | 8.1109 | 7.7217 | 7.3601 | 7.0236 | 6.7101 | 6.4177 | 6.1446 | 5.8892 | 5.6502 | 5.4262 | 5.2161 | 5.0188 | 4.8332 | 4.6586 | 4.4941 | 4.3389 | 4.1925 |
| 11 | 10.3676 | 9.7868 | 9.2526 | 8.7605 | 8.3064 | 7.8869 | 7.4987 | 7.1390 | 6.8052 | 6.4951 | 6.2065 | 5.9377 | 5.6869 | 5.4527 | 5.2337 | 5.0286 | 4.8364 | 4.6560 | 4.4865 | 4.3271 |
| 12 | 11.2551 | 10.5753 | 9.9540 | 9.3851 | 8.8633 | 8.3838 | 7.9427 | 7.5361 | 7.1607 | 6.8137 | 6.4924 | 6.1944 | 5.9176 | 5.6603 | 5.4206 | 5.1971 | 4.9884 | 4.7932 | 4.6105 | 4.4392 |
| 13 | 12.1337 | 11.3484 | 10.6350 | 9.9856 | 9.3936 | 8.8527 | 8.3577 | 7.9038 | 7.4869 | 7.1034 | 6.7499 | 6.4235 | 6.1218 | 5.8424 | 5.5831 | 5.3423 | 5.1183 | 4.9095 | 4.7147 | 4.5327 |
| 14 | 13.0037 | 12.1062 | 11.2961 | 10.5631 | 9.8986 | 9.2950 | 8.7455 | 8.2442 | 7.7862 | 7.3667 | 6.9819 | 6.6282 | 6.3025 | 6.0021 | 5.7245 | 5.4675 | 5.2293 | 5.0081 | 4.8023 | 4.6106 |
| 15 | 13.8651 | 12.8493 | 11.9379 | 11.1184 | 10.3797 | 9.7122 | 9.1079 | 8.5595 | 8.0607 | 7.6061 | 7.1909 | 6.8109 | 6.4624 | 6.1422 | 5.8474 | 5.5755 | 5.3242 | 5.0916 | 4.8759 | 4.6755 |
| 16 | 14.7179 | 13.5777 | 12.5611 | 11.6523 | 10.8378 | 10.1059 | 9.4466 | 8.8514 | 8.3126 | 7.8237 | 7.3792 | 6.9740 | 6.6039 | 6.2651 | 5.9542 | 5.6685 | 5.4053 | 5.1624 | 4.9377 | 4.7296 |
| 17 | 15.5623 | 14.2919 | 13.1661 | 12.1657 | 11.2741 | 10.4773 | 9.7632 | 9.1216 | 8.5436 | 8.0216 | 7.5488 | 7.1196 | 6.7291 | 6.3729 | 6.0472 | 5.7487 | 5.4746 | 5.2223 | 4.9897 | 4.7746 |
| 18 | 16.3983 | 14.9920 | 13.7535 | 12.6593 | 11.6896 | 10.8276 | 10.0591 | 9.3719 | 8.7556 | 8.2014 | 7.7016 | 7.2497 | 6.8399 | 6.4674 | 6.1280 | 5.8178 | 5.5339 | 5.2732 | 5.0333 | 4.8122 |
| 19 | 17.2260 | 15.6785 | 14.3238 | 13.1339 | 12.0853 | 11.1581 | 10.3356 | 9.6036 | 8.9501 | 8.3649 | 7.8393 | 7.3658 | 6.9380 | 6.5504 | 6.1982 | 5.8775 | 5.5845 | 5.3162 | 5.0700 | 4.8435 |
| 20 | 18.0456 | 16.3514 | 14.8775 | 13.5903 | 12.4622 | 11.4699 | 10.5940 | 9.8181 | 9.1285 | 8.5136 | 7.9633 | 7.4694 | 7.0248 | 6.6231 | 6.2593 | 5.9288 | 5.6278 | 5.3527 | 5.1009 | 4.8696 |
| 21 | 18.8570 | 17.0112 | 15.4150 | 14.0292 | 12.8212 | 11.7641 | 10.8355 | 10.0168 | 9.2922 | 8.6487 | 8.0751 | 7.5620 | 7.1016 | 6.6870 | 6.3125 | 5.9731 | 5.6648 | 5.3837 | 5.1268 | 4.8913 |
| 22 | 19.6604 | 17.6580 | 15.9369 | 14.4511 | 13.1630 | 12.0416 | 11.0612 | 10.2007 | 9.4424 | 8.7715 | 8.1757 | 7.6446 | 7.1695 | 6.7429 | 6.3587 | 6.0113 | 5.6964 | 5.4099 | 5.1486 | 4.9094 |
| 23 | 20.4558 | 18.2922 | 16.4436 | 14.8568 | 13.4886 | 12.3034 | 11.2722 | 10.3711 | 9.5802 | 8.8832 | 8.2664 | 7.7184 | 7.2297 | 6.7921 | 6.3988 | 6.0442 | 5.7234 | 5.4321 | 5.1668 | 4.9245 |
| 24 | 21.2434 | 18.9139 | 16.9355 | 15.2470 | 13.7986 | 12.5504 | 11.4693 | 10.5288 | 9.7066 | 8.9847 | 8.3481 | 7.7843 | 7.2829 | 6.8351 | 6.4338 | 6.0726 | 5.7465 | 5.4509 | 5.1822 | 4.9371 |
| 25 | 22.0232 | 19.5235 | 17.4131 | 15.6221 | 14.0939 | 12.7834 | 11.6536 | 10.6748 | 9.8226 | 9.0770 | 8.4217 | 7.8431 | 7.3300 | 6.8729 | 6.4641 | 6.0971 | 5.7662 | 5.4669 | 5.1951 | 4.9476 |
| 26 | 22.7952 | 20.1210 | 17.8768 | 15.9828 | 14.3752 | 13.0032 | 11.8258 | 10.8100 | 9.9290 | 9.1609 | 8.4881 | 7.8957 | 7.3717 | 6.9061 | 6.4906 | 6.1182 | 5.7831 | 5.4804 | 5.2060 | 4.9563 |
| 27 | 23.5596 | 20.7069 | 18.3270 | 16.3296 | 14.6430 | 13.2105 | 11.9867 | 10.9352 | 10.0266 | 9.2372 | 8.5478 | 7.9426 | 7.4086 | 6.9352 | 6.5135 | 6.1364 | 5.7975 | 5.4919 | 5.2151 | 4.9636 |
| 28 | 24.3164 | 21.2813 | 18.7641 | 16.6631 | 14.8981 | 13.4062 | 12.1371 | 11.0511 | 10.1161 | 9.3066 | 8.6016 | 7.9844 | 7.4412 | 6.9607 | 6.5335 | 6.1520 | 5.8099 | 5.5016 | 5.2228 | 4.9697 |
| 29 | 25.0658 | 21.8444 | 19.1885 | 16.9837 | 15.1411 | 13.5907 | 12.2777 | 11.1584 | 10.1983 | 9.3696 | 8.6501 | 8.0218 | 7.4701 | 6.9830 | 6.5509 | 6.1656 | 5.8204 | 5.5098 | 5.2292 | 4.9747 |
| 30 | 25.8077 | 22.3965 | 19.6004 | 17.2920 | 15.3725 | 13.7648 | 12.4090 | 11.2578 | 10.2737 | 9.4269 | 8.6938 | 8.0552 | 7.4957 | 7.0027 | 6.5660 | 6.1772 | 5.8294 | 5.5168 | 5.2347 | 4.9789 |
| 31 | 26.5423 | 22.9377 | 20.0004 | 17.5885 | 15.5928 | 13.9291 | 12.5318 | 11.3498 | 10.3428 | 9.4790 | 8.7331 | 8.0850 | 7.5183 | 7.0199 | 6.5791 | 6.1872 | 5.8371 | 5.5227 | 5.2392 | 4.9824 |
| 32 | 27.2696 | 23.4683 | 20.3888 | 17.8736 | 15.8027 | 14.0840 | 12.6466 | 11.4350 | 10.4062 | 9.5264 | 8.7686 | 8.1116 | 7.5383 | 7.0350 | 6.5905 | 6.1959 | 5.8437 | 5.5277 | 5.2430 | 4.9854 |
| 33 | 27.9897 | 23.9886 | 20.7658 | 18.1476 | 16.0025 | 14.2302 | 12.7538 | 11.5139 | 10.4644 | 9.5694 | 8.8005 | 8.1354 | 7.5560 | 7.0482 | 6.6005 | 6.2034 | 5.8493 | 5.5320 | 5.2462 | 4.9878 |
| 34 | 28.7027 | 24.4986 | 21.1318 | 18.4112 | 16.1929 | 14.3681 | 12.8540 | 11.5869 | 10.5178 | 9.6086 | 8.8293 | 8.1566 | 7.5717 | 7.0599 | 6.6091 | 6.2098 | 5.8541 | 5.5356 | 5.2489 | 4.9898 |
| 35 | 29.4086 | 24.9986 | 21.4872 | 18.6646 | 16.3742 | 14.4982 | 12.9477 | 11.6546 | 10.5668 | 9.6442 | 8.8552 | 8.1755 | 7.5856 | 7.0700 | 6.6166 | 6.2153 | 5.8582 | 5.5386 | 5.2512 | 4.9915 |
| 36 | 30.1075 | 25.4888 | 21.8323 | 18.9083 | 16.5469 | 14.6210 | 13.0352 | 11.7172 | 10.6118 | 9.6765 | 8.8786 | 8.1924 | 7.5979 | 7.0790 | 6.6231 | 6.2201 | 5.8617 | 5.5412 | 5.2531 | 4.9929 |
| 37 | 30.7995 | 25.9695 | 22.1672 | 19.1426 | 16.7113 | 14.7368 | 13.1170 | 11.7752 | 10.6530 | 9.7059 | 8.8996 | 8.2075 | 7.6087 | 7.0868 | 6.6288 | 6.2242 | 5.8647 | 5.5434 | 5.2547 | 4.9941 |
| 38 | 31.4847 | 26.4406 | 22.4925 | 19.3679 | 16.8679 | 14.8460 | 13.1935 | 11.8289 | 10.6908 | 9.7327 | 8.9186 | 8.2210 | 7.6183 | 7.0937 | 6.6338 | 6.2278 | 5.8673 | 5.5452 | 5.2561 | 4.9951 |
| 39 | 32.1630 | 26.9026 | 22.8082 | 19.5845 | 17.0170 | 14.9491 | 13.2649 | 11.8786 | 10.7255 | 9.7570 | 8.9357 | 8.2330 | 7.6268 | 7.0997 | 6.6380 | 6.2309 | 5.8695 | 5.5468 | 5.2572 | 4.9959 |
| 40 | 32.8347 | 27.3555 | 23.1148 | 19.7928 | 17.1591 | 15.0463 | 13.3317 | 11.9246 | 10.7574 | 9.7791 | 8.9511 | 8.2438 | 7.6344 | 7.1050 | 6.6418 | 6.2335 | 5.8713 | 5.5482 | 5.2582 | 4.9966 |