Loan Amortization 

PVA = PMT x (1- 1/(1+i)^n) all divided by i

PVIFA can be also denoted as [{1- (1+r)^-n}/r], he had calculated it beforehand

(1-(1+interest)^time)/interest

This is like we do calculate for Present value of annuity. PVA= PMT (1-(1+r)^-n/r) OR 1,000,000=PMT(1-(1+0.15)^-5/0.15 1,000,000=PMT(3.3521) PMT=1,000,000/3.3521 PMT=298315.5525 That's it. sorry for late reply.

Thank you

This is like we do calculate for Present value of annuity. PVA= PMT (1-(1+r)^-n/r) OR 1,000,000=PMT(1-(1+0.15)^-5/0.15 1,000,000=PMT(3.3521) PMT=1,000,000/3.3521 PMT=298315.5525 That's it. sorry for late reply.

This is like we do calculate for Present value of annuity. PVA= PMT (1-(1+r)^-n/r) OR 1,000,000=PMT(1-(1+0.15)^-5/0.15 1,000,000=PMT(3.3521) PMT=1,000,000/3.3521 PMT=298315.5525 That's it. sorry for late reply.

from the tables

@@gracemwende_ yea u are right

There is table given where you check the value of PVIFA for 15 persentage and 5 years

This is like we do calculate for Present value of annuity. PVA= PMT (1-(1+r)^-n/r) OR 1,000,000=PMT(1-(1+0.15)^-5/0.15 1,000,000=PMT(3.3521) PMT=1,000,000/3.3521 PMT=298315.5525 That's it. sorry for late reply.

This is like we do calculate for Present value of annuity. PVA= PMT (1-(1+r)^-n/r) OR 1,000,000=PMT(1-(1+0.15)^-5/0.15 1,000,000=PMT(3.3521) PMT=1,000,000/3.3521 PMT=298315.5525 That's it. sorry for late reply.

This is like we do calculate for Present value of annuity. PVA= PMT (1-(1+r)^-n/r) OR 1,000,000=PMT(1-(1+0.15)^-5/0.15 1,000,000=PMT(3.3521) PMT=1,000,000/3.3521 PMT=298315.5525 That's it. sorry for late reply.