HOSTING A TOTAL OF 318 FORMULAS WITH CALCULATORS

## 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

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

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

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