## Present Value Of Growing Annuity

The present value of a growing annuity formula calculates the present day value of a series of future periodic payments that grow at a proportionate rate. A growing annuity may sometimes be referred to as an increasing annuity

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

Here,p=first payment,r=rate per period,g=growth rate,n=number of periods.

ENTER THE VARIABLES TO BE USED IN THE FORMULA