## Growing Annuity Payment For Present Value

The growing annuity payment from present value formula shown above is used to calculate the initial payment of a series of periodic payments that grow at a proportionate rate. This formula is used specifically when present value is known.

## $$p\frac{r-g}{1-[\frac{1+g}{1+r}{]}^{n}}$$

Here,p=present value,r=rate per period,g=growth rate,n=number of periods.

ENTER THE VARIABLES TO BE USED IN THE FORMULA