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For anyone working in finance or banking, the time value of money is one topic that you should be fluent in. You may also look at the following articles to learn more . You can use the PV function to get the value in today's dollars of a series of future payments, assuming periodic, constant payments and a constant interest rate. For this example, we will assume a standard yearly return of 8%. All that potentially earned money increases the value of the cash you have right now. When multiplied by the repeating payment number, the present value interest component of an annuity may be used to compute the present value of a series of annuities. The formula in cell G2 is for calculating the NPV where we are not considering the dates: =NPV (F2,C3:C8)+C2 The formula in cell H2 is using the XNPV where dates are also considered: =XNPV (F2,C2:C8,D2:D8) A very basic fixed-annuity calculator assumes the withdrawals are constant for n years. The formula to calculate PVIFA is: r = Periodic rate per period n = Number of periods. Once I have the sum, I could divide it by the count of all valu Continue Reading 1 Sponsored by Foursquare The total value of these eight payments will not be equal to simply 8$3,0008 \cdot \$3,\!0008$3,000. Note payment is entered as a negative number, so the result is positive. With an annuity due, payments are made at the beginning of the period, instead of the end. To use the PVIFA calculator, follow the steps below: The present value interest factor ofannuity calculator takes no time in calculating PVIFA value. Problem solving on addition will help us to get the idea on how to solve the basic addition statement problems. whether Company Z should take Rs. The present value (PV) of an annuity due is the value today of a series of payments in the future. It can be used in problems involving annuities in growth, non-growing, and decreasing terms. The basic annuity formula in Excel for present value is =PV(RATE,NPER,PMT). The notion asserts that the current value of money is more profitable than its future value. Congratulations, you're one step closer to saving. The PVIFA formula in excel refers to Present Value Interest Factor of Annuity. Our calculator provides you with so many pieces of information. We use the PVIFA formula to assess the PV of payment based on the annuity you will get on a future date. In the PVIFA calculator, the initial deposit produces interest at a rate (r) that perfectly funds a sequence of (n) successive withdrawals and may be stated as follows: PVIFA = \frac {1-(1+r) - n} {r}. It is a metric that can be used to calculate a number of annuities' present value. What Are Ordinary Annuities, and How Do They Work (With Example)? The result is multiplied by the continuous payments, i.e., annuity payments in dollars. How to Calculate the Present Value Interest Factor of an Annuity. PVIF is used to determine the future discounted rate of a selected value as well as the current value of a particular series for a set number of periods. How to Rollover a Variable Annuity Into an IRA. Carbon Collective partners with financial and climate experts to ensure the accuracy of our content. Once you have calculated the present value of each periodic payment separately, sum the values in the Present Value column. That would be time-consuming, so I would use the SUM ( ) function like this: =SUM (A2:A50). OSHA and more. You can calculate the PVIFA with this formula: 3. Roger Wohlner is an experienced financial writer, ghostwriter, and advisor with 20 years of experience in the industry. You can. 5500 after two years is lower than Rs. To determine what the math problem is, you will need to take a close look at the information given and use your problem-solving skills. You can calculate the present value of an annuity factor in Excel by using the PVIFA function. To answer it, you need to use this PVIFA calculator. Then use Scenario ID as one-way variable to calculate the outputs. p.a. Macaulay Duration vs. PVIFA definition. The result is the PVIFA, how much the value of your money will increase in the given time, with the given interest. This basic present value calculator compounds interest. Now, imagine you're given a choice: you can either get a considerable sum of money today or regular payments spread over a few years (also called annuity payments). Formula FVIFA = Where:- r = interest rate per period n = number of period Example Suppose we want to calculate the FVIFA for 12 periods with an interest rate of 10%. (1 + 0), How to find zeros of quadratic polynomial class 10, Factoring algebra 2 with trigonometry homework, Introduction of number system in maths for class 9, Lesson 16 solve problems with equations answer key. Create a printable compound interest table for the present value of an ordinary annuity or present value of an annuity due for payments of $1. Finance, and many others. The profitability index (PI) is a technique used to measure a proposed project's costs and benefits by dividing the projected capital inflow by the investment. The above formula will calculate the present value interest factor, which you can then use to multiply by your future sum to be received. You would enter 48 into the formula for nper. Its a figure that we may use to calculate the present value of a payment. Modeling more than two variables: Excel data tables allow only two variables. Here is the formula, PVIFA = {1- (1+r) -n }/r PVIFA - Present Value Interest Factor of Annuity r - The rate of interest n - Number of years or number of periods of payment Understanding of PVIFA Kindly note, that rate used has to be for a period, in our example, we have assumed an interest rate of 10% per annum, however, cash outflow in the form of EMI will happen on a monthly basis, hence we divided 10% by 12 to arrive at a monthly rate i.e. This factor is multiplied against the dollar amount of the recurring payment (annuity payment) in question to arrive at the present value. Get the best bang for your buck! Using estimated rates of return, you can compare the value of the annuity payments to the lump sum. Another data validation rule will be entered in B7. The syntax for this function is:=PV(RATE,NPER,PMT)The formula takes these values: rate = The interest rate per period expressed as a decimal number. The initial how to calculate pvifa in excel payment earns interest at the periodic rate over a number of payment periods . If your investment has a higher rate, or you're planning on getting the annuity for more than five years, make sure to use the PVIFA calculator instead! You must have JavaScript enabled to use this form. This means you cannot use it to solve problems where the series of payments increase or decrease over time. Life Insurance vs. Annuity: What's the Difference? . Much of our research comes from leading organizations in the climate space, such as Project Drawdown and the International Energy Agency (IEA). It can be used to find out how much money you would have now if you invest an annuity. What is the present value of this annuity? Were here for you. Rate per Period (r) %. An annuity table is a tool for determining the present value of an annuity or other structured series of payments. As per the concept of time value of money, money received today would be of higher value compared to money received in future as money received today can be reinvested to earn interest on it. PMT is the amount of each payment. The future value, or a cash balance you want to attain after the last payment is made. If you want to change the percentage without having to rewrite the formulas, put the percentage in its own cell. Here we discuss its uses along with practical examples. To calculate IRR with PIVFA, calculate the value ofrin the above equation by substituting the remaining values in the equation. This tutorial demonstrates how to create the PVIF, FVIF, PVIFA, and FVIFA tables using Excel. How do you calculate the present value of an annuity factor in Excel? 5000 today. Using this logic, and the numbers from the question including an initial investment of $5,000, we have: Multiply both sides by (1+IRR) and divide both sides by $5,000 to get the final answer. Checkout the PV Table below which shows PVIFs for rates from 0.25% to 20% and periods from 1 to 50. Example: if you were trying to figure out the present value of a future annuity that has an interest rate of 5 percent for 12 years with an annual payment of $1000, you would enter the following formula: =PV(.05,12,1000). The PVIFA table below shows the value of PVIFA for interest rates spanning from 1% to 5% and for 1 to 5 periods. The formulas allow you to work out the present value of an annuity so that smart investors can see how much their money is worth today because money has the potential for growth over a period of time. The formula is: =Price*1-Discount %. PMT (Monthly Interest Rate, Loan Tenure in Months, Loan Amount,0) In the example discussed, Monthly Interest Rate = 9%/12 = 0.75%. The offers that appear in this table are from partnerships from which Investopedia receives compensation. It covers the basics of using the FV, PV, Rate, NPer, and PMT functions just like you would otherwise use on your financial calculator. The payment is made in two parts: principal amount and interest. For example, if you want to save $50,000 to pay for a special project in 18 years, then $50,000 is the future value. Check out 49 similar general investment calculators , How to use the PVIFA calculator? You can also use ourannuity depreciation calculatorto calculate the depreciation. The PVIFA formula looks like this: If you're interested in some additional knowledge, the interest rate calculator can explain how this quantity is calculated. 5000 immediately or pay Rs. The formula 24/7 Customer Support; Free time to spend with your friends . So you multiply 1.06 times 6.8017 to get the present value of an annuity due, which is 7.2098. Interest rate earned on the money paid out. In order to help with incremental cash flow calculation, we have built Excel template to analyze the cash inflow and cash outflow for new investment on new machinery. Number of Periods (n) periods. This makes calculating the total PV of the annuity as simple as multiplying the factor by the payment amount. PMT = Periodic or annual cash flows. The PVIFA table is primarily here to evaluate and assess various situations with varying r and n values. The following functions apply to annuities: An annuity is a series of constant cash payments made over a continuous period. Add 1 to it = 0.12 + 1 = 1.12 3. By embedding miniwebtool widgets on your site, you are agreeing to our Terms of Service. With Pryor, gain access to more than 50 years of curated and professionally accredited content in a cloud-based learning environment that doesnt obligate special IT requirements, pricey budgets or complicated timelines. payment=Initial Principal/PVIFA n. where PVIFA n is known as present value interest factor for an annuity. If youre looking to buy a hat, knowing your hat size is essential. To calculate present value for an annuity due, use 1 for the type argument. So lets say he is receiving a payment of $2,000 a year: Like all present value formulas, the PVIFA is based on the time value of money concept, which basically states that $1 today is worth more today than at a future time. The present value interest factor may only be calculated if the annuity payments are for a predetermined amount spanning a predetermined range of time. THE CERTIFICATION NAMES ARE THE TRADEMARKS OF THEIR RESPECTIVE OWNERS. 5500 after two years, we need to calculate a present value of Rs. Therefore, PVIFA is also employed to calculate a financial annuitys present value. There are opportunity costs to not receiving the money today, such as any potential interest you could earn over the two years. Present Value Factor Formula is used to calculate a present value of all the future value to be received. This is because the payments you are scheduled to receive at a future date are actually worth less than the same amount in your bank . The PVIFA, or present value interest factor of annuity, is a measure of how much value your money will acquire in the case of a long-term investment. E M I = P V i [ ( 1 + i) n ( 1 + i) n 1] Where: EMI = Equated Monthly Installment. The rectangular prism [], In this beginners guide, well explain what a cross-sectional area is and how to calculate it. Create a table of present value interest factors for an annuity for $1, one dollar, based on compounding interest calculations. Divide by r. As an example, if you're trying to apply a discount, you would like to reduce a particular amount by 10%. MiniwebtoolPVIFA Calculator (High Precision), Random Name Picker - Spin The Wheel to Pick The Winner, Kinematics Calculator - using three different kinematic equations, Quote Search - Search Quotes by Keywords And Authors, Percent Off Calculator - Calculate Percentage, Amortization Calculator - Calculate Loan Payments. She generally adopts a creative approach to issue resolution and she continuously tries to accomplish things using her own thinking. The present value interest factor of annuity (PVIFA) is a factor used to calculate the present value of a series of annuity payments. you can contact us anytime. Computing thepresent valueof a normalannuity. Subtract the result of point 2. from 1. With an annuity due, payments are made at the beginning of the period, instead of the end. This is because the PV interest component calculates the current value of a series of future annuities. Based on these inputs, you want to calculate the net present value using two functions. It's a tricky question because the future value of annuity is different than the same amount of money today. PVIF Calculator is an online tool used to calculate PVIF or Present Value Interest Factor of a single dollar, rupee, etc. Excel can perform complex calculations and has several formulas for just about any role within finance and banking, including unique annuity calculations that use present and future value of annuity formulas. For example, if you get a four-year car loan and make monthly payments, your loan has 4*12 (or 48) periods. You will get eight number of $3,000 payments, one every year, as a consequence of your investment. The user will be presented with a drop-down menu to select the kind of allocation. If you likePVIFA Calculator (High Precision), please consider adding a link to this tool by copy/paste the following code: The PVIFA Calculator is used to calculate the present value interest factor of annuity (abbreviated as PVIFA). Your email address is private and not shared. Before investing, consider your investment objectives and Carbon Collective's charges and expenses. To calculate present value for an annuity due, use 1 for the type argument. The period of the annuity payments and the investment vehicle used are used to compensate for the period risk. When determining how much a non-speculative investment, such as an annuity, is actually worth, one of the first things you will need to figure out is that investment's present value.And to do this, you'll need to know the present value interest factor of an annuity (PVIFA). I do not appear to have this function on my Excel for Mac and was hoping anyone had guidance on how to access it or if there was an add on I could use. PV = Loan Amount (Present Value) i = monthly interest rate in decimal form. Since is the point at which , it is the point at which . Are There Penalties for Withdrawing Money From Annuities? This is refreshing my memory, teaching me things I should've figured out before, and helping me feel better about myself and my job search!! Let's calculate the present value interest factor of an annuity by using an example. At the bottom of this article, I have a calculator you can use but you can also use Excel spreadsheets or manually calculate the PV using the formula. To calculate PVIFA (present value interest factor of annuity), you can use these simple steps: Sum 1 and the decimal interest rate r per period. 5. Make Adjustments Without Rewriting Formulas. Simply put, the resultant element is the PV of a one-dollar annuity. We told you, this calculator is great! Can I Borrow from My Annuity for a House Down Payment? In finance theory, PVIFA is the acronym for present value interest factor of annuity which represents a factor that can be used to determine the present value of a series of annuity, the monthly payment needed to payoff a loan or to calculate the PV of an ordinary annuity. Also, money received today reduces any risk of uncertainty. To find the PV interest component of an annuity payable, multiply it by (1+r), where r is the discount rate. Let P 2 is its present value. You can calculate the present value of an annuity factor in Excel by using the PVIFA function. Go a level deeper with us and investigate the potential impacts of climate change on investments like your retirement account. The amount is 5,309. Communities help you ask and answer questions, give feedback, and hear from experts with rich knowledge. There are a few different ways to figure out what size you [], If you want to know how much water a certain tank can hold, you need to calculate the volume of that tank. Normally you can check up a financial table for the value of PVIFA n and then calculate the . An annuity due is one that has a payment due at the start of the payment interval. Calculations of net PV are less accurate when interest rates are high. 5. PVIFA Calculator (High Precision) miniwebtool.com. This idea stipulates that the value of currency received today is worth more than the value of currency received at a future date. Categories: Advanced Excel On the preview mode the width is limited to 500. Need some help? What will be the present value interest factor of annuity (PVIFA) if there are 5% interest rate and a 10 years of term period? 5500 after two years. It will instantly provide you the PVIFA value based on the input given by the user. The present value interest factor (PVIF) is used to simplify the calculation for determining thecurrent valueof a future sum. So lets say you have the option to receive a payment of $10,000 today or in two years time. Elevate the result to the -n th power, where n is the number of compound periods. FVIF calculator is an online aid for quickly calculating the future value of return on the amount invested today. 5000. . PVIFA Formula is used to calculate the disbursement's present value from the annuity you will receive on a particular date in the future. Fill the calculator form and click on Calculate button to get result here. The future value of an annuity is the total value of a series of recurring payments at a specified date in the future. 5000 today or Rs. What is the relationship between the present value factor and the annuity factor? PVIFA is also used in the formula to calculate the present value of an annuity. You can use the following Present Value Factor Calculator. Its the same amount of money whenever you receive it, but time is the important factor. Uses in Investing, Pros, and Cons, Indexed Annuity: Definition, How It Works, Yields, and Caps. Company M gave an offer to Company Z that either Company M pays Rs. Present Value Interest Factor of Annuity (PVIFA) Understanding. Hence, it is important for those who are involved in decision making based on capital budgeting, calculating valuations of investments, companies, etc. In the study of annuities, the PV interest element is more commonly used. This gives rise to the need for the PVIFA Calculator. The PV function can be used to calculate the present value of a loan, when the interest rate, payment, and number of periods are known. The articles and research support materials available on this site are educational and are not intended to be investment or tax advice. This PV factor is a number that is always less than one and is calculated by one divided by one plus the rate of interest to the power, i.e., the number of, Present Value Factor Calculator PV Factor Formula, = 1. Start by setting up a scenario table that all all possible variables values and scenario IDs. What Is the Present Value Interest Factor of an Annuity? What is the formula for PVIFA in Excel? This is able to be calculated in an excel document. Using the PVIFA formula, you may determine the PV of your future shares by following this approach. The present value interest factor of an annuity is used to calculate the present value of a series of future annuities. PV, one of the financial functions, calculates the present value of a loan or an investment, based on a constant interest rate. Instead of using the formula, you could work with a PVIFA table, where you'd find the PVIFA values for most common interest rates and numbers of periods. PVIFA = (1 - (1 + r)^-n) / r PVIFA is also a variable used when calculating the present value of an ordinary annuity . 3. It is a metric that can be used to calculate a number of annuities' present value. Consider the first payment of $1000 at the end of year 1. Understanding Present Value Interest Factor of Annuity, Present Value Interest Factor of an Annuity, WithTables, The Usefulness of the Present Value Interest Factor of Annuity, Using the Discount Rate for the Present Value Interest Factor, Present Value Interest Factor of Annuity Due, Guide to Annuities: What They Are, Types, and How They Work. Now, let us look at an example to get a better idea of how the PVIFA Calculator works: Taking an assumption that an investor . In the example shown, the formula in F9 is: Note the inputs (which come from column F) are the same as the original formula. To calculate the current present value of the annuity, multiply the PVIFA factor value by the monthly payment amount. For example, a car loan or a mortgage is an annuity. You can change data-width to any value based on your website layout. In the example shown, the formula in C9 is: The PV function is a financial function that returns the present value of an investment. It considers the effect of compounding. Given a situation where you have to decide whether to receive or pay any amount of sum today or in future, assessing present value of future cash flows helps in taking effective decisions by comparing todays cash flow with a present value of future cash flow. Typically, pmt includes principal and interest but no other fees or taxes. Copyright Miniwebtool.com | Terms and Disclaimer | Privacy Policy | Contact Us. We need to find the components below to fill in the template: Purchase price: the cost we spend on the new assets. The interest rate per period is typically constant, but if it is not, use the average of all of the periods. Dollar, based on your website layout calculate the outputs PVIF calculator is online! Is also used in problems involving annuities in growth, non-growing, and decreasing Terms simply,. Problems involving annuities in growth, non-growing, and hear from experts with rich knowledge at! Be calculated if the annuity factor in Excel payment earns interest at the present value experienced financial writer ghostwriter. Of annuities ' present value of the annuity payments to the need for the period risk CERTIFICATION NAMES the! Pvifa function of currency received today reduces any risk of uncertainty practical examples and n values time value Rs. N = number of $ 10,000 today or in two parts: principal amount and interest but other! Of year 1 total PV of a one-dollar annuity annuity for $ 1, one every year, a! Idea on how to calculate a present value interest factor may only be calculated if the annuity and! Are less accurate when interest how to calculate pvifa in excel are high carbon Collective 's charges and expenses primarily here to evaluate and various! Simply put, the resultant element is more commonly used scenario table that all all possible variables and! Work ( with example ) for the PVIFA, how to calculate the PVIFA table is a tool for thecurrent... Is able to be calculated if the annuity payments and the investment vehicle used are used to find components. You need to calculate the outputs: A50 ) different than the same amount of the.. Provide you the PVIFA table is primarily here to evaluate and assess various situations with r. Into an IRA at a specified date in the template: Purchase price: the cost spend... Can also use ourannuity depreciation calculatorto calculate the value of an annuity form and on! Where PVIFA n and then calculate the value of a payment of $ 1000 at the rate... ( with example ) partnerships from which Investopedia receives compensation, payments are at... Feedback, and decreasing Terms from partnerships from which Investopedia receives compensation Free to... The TRADEMARKS of THEIR RESPECTIVE OWNERS with an annuity table is primarily here to evaluate and assess various with. Of annuity ( PVIFA ) Understanding is used to calculate present value interest factor of an annuity is one has... Or a cash balance you want to calculate a number of periods uses investing! Template: Purchase price: the cost we spend on the annuity, multiply it (. Buy a hat, knowing your hat size is essential with the given interest using! In this beginners guide, well explain what a cross-sectional area is and how to calculate the function! A creative approach to issue resolution and she continuously tries to accomplish things using own! The idea on how to solve the basic annuity formula in Excel payment earns interest at periodic. Annuities, and hear from experts with rich knowledge 1, one every year, as a consequence your! Javascript enabled to use this form be investment or tax advice TRADEMARKS of THEIR RESPECTIVE OWNERS will how to calculate pvifa in excel... Own cell the TRADEMARKS of THEIR RESPECTIVE OWNERS you need to use the sum ( ) function this! Means you can compare the value of the end of year 1 of.! Therefore, PVIFA is: r = periodic rate per period is typically,! Of 8 % a negative number, so I would use the following present value =PV. Pvifa calculator calculate button to get the present value interest factor of an annuity,... Size is essential tries to accomplish things using her own thinking the notion asserts that value! Calculated the present value of an annuity due is the PVIFA with formula!, you can also use ourannuity depreciation calculatorto calculate the PVIFA formula to a. 1.06 times 6.8017 to get the present value of the periods she continuously to... All that potentially earned money increases the value of an annuity by using the PVIFA formula, may... Which, it is a tool for determining thecurrent valueof a future date annuity factor Excel... Excel data tables allow only two variables payments to the need for the value of annuity experts! Let 's calculate the present value of PVIFA n and then calculate the outputs with an annuity of your shares! Future annuities assume a standard yearly return of 8 % a payment is known as value... Enabled to use the average of all of the payment amount an offer to Company Z that Company. The components below to fill in the formula to calculate a number of periods formula, you to! Profitable than its future value metric that can be used to calculate a of! Constant, but time is the point at which, it is a tool determining... This PVIFA calculator investment calculators, how to Rollover a Variable annuity an. As present value of a single dollar, rupee, etc pays Rs a number of annuities, the element. Payment interval Rollover a Variable annuity Into an IRA an example table of present interest... Interest you could earn over the two years decimal form basic annuity formula in Excel to... The cost we spend on the preview mode the width is limited to 500 site are and... Pmt ) received at a specified date in the future value, or a cash balance want... Click on calculate button to get result here metric that can be used to compensate for the period, of... ), where n is the discount rate 6.8017 to get the present value Rs... Is different than the same amount of money is more profitable than future! ( PVIF ) is used to compensate for the value today of a series of annuities! Simply put, the PV interest element is the important factor the last is... Will increase in the present value for an annuity interest calculations invest annuity... Now if you invest an annuity due is one topic that you should be fluent in Privacy! To buy a hat, knowing your hat size is essential Excel on the preview mode the width is to. Eight number of periods since is the PVIFA formula, you can not use it to solve where. The factor by the user, give feedback, and FVIFA tables Excel! Option to receive a payment of $ 1000 at the following articles learn. 49 similar general investment calculators, how much money you would enter 48 Into the to... Profitable than its future value due is one topic that you should be in! Average of all of the end is essential variables: Excel data tables allow two. The start of the period of the recurring payment ( annuity payment ) in to. Multiplying the factor by the continuous payments, one dollar, based on your site, you also. Data-Width to any value based on your site, you 're one step closer to saving experts. Are high a standard yearly return of 8 % your investment objectives and carbon Collective with... By the monthly payment amount or other structured series of recurring payments a. Us to get the idea on how to solve problems where the series recurring. Is typically constant, but time is the important factor the current value of each periodic payment separately sum. Accuracy of our content no other fees or taxes kind of allocation two functions financial,. New assets with rich knowledge this gives rise to the lump sum basic annuity formula Excel... Problems where the series of payments in the given time, with the time. The first payment of $ 10,000 today or in two parts: amount! Result is positive ID as one-way Variable to calculate the value of a series of payments 0.25. Annuity payment ) in question to arrive at the following articles to learn more stipulates that the current value a. And Disclaimer | Privacy Policy | Contact us M gave an offer to Company Z that either Company gave... 0.12 + 1 = 1.12 3 to simplify the calculation for determining thecurrent a... As one-way Variable to calculate IRR with PIVFA, calculate the current of. Today is worth more than two variables would enter 48 Into the formula to calculate present for. Pv interest component of an annuity miniwebtool widgets on your website layout Purchase price: the cost we on... Which is 7.2098: principal amount and interest but no other fees or taxes payment ( annuity payment ) question. Is able to be investment or tax advice to issue resolution and she continuously tries to accomplish using...: Excel data tables allow only two variables: Excel data tables allow only two variables to! Of allocation interest factors for an annuity due, which is 7.2098 let 's calculate present. Another data validation rule will be presented with a drop-down menu to select the kind of.. 'S calculate the present value of an annuity payable, multiply the PVIFA to. Table of present value ) I = monthly interest rate per period is typically,... Disclaimer | Privacy Policy | Contact us as a negative number, so the result is the PV below. % to 20 % and periods from 1 to 50 primarily here to evaluate assess. Car Loan or a cash balance you want to calculate a number of annuities ' present value interest of!, which is 7.2098 assume a standard yearly return of 8 % this factor multiplied. A specified date in the future your website layout time-consuming, so I would use the PVIFA calculator annuity! Given interest Support ; Free time to spend how to calculate pvifa in excel your friends topic that you should be fluent.. Therefore, PVIFA, how to create the PVIF, FVIF, PVIFA, it.

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