Rytvae Consulting · Think Right · Invest Right
Growing Annuity Calculator
Result
Chart
Show formula & working
PV = P ÷ (r − g) × (1 − ((1 + g) ÷ (1 + r))n) · if r = g: PV = n × P ÷ (1 + r)
FV = PV × (1 + r)n; payments at the start: × (1 + r)
Details
How this works
Salaries, rents and expenses rise over time. A growing annuity values such a stream in one step.
When growth equals the discount rate, every discounted payment is the same — the formula has a special case for it.
Frequently asked questions
Can growth be negative?
Yes — for a shrinking stream.
What is P?
The first payment; later payments grow by g each period.