Finance

Growing Annuity Calculator

Calculate the value of an annuity whose payments grow at a constant rate each period.

First Payment ($)

Growth Rate (%/yr)

Discount Rate (%/yr)

Number of Periods

Formula (r ≠ g):
PV = PMT / (r−g) × [1 − ((1+g)/(1+r))^n]
FV = PV × (1+r)^n
Total Payments = Σ PMT×(1+g)^t

Growing Annuity Applications

Growing annuities model real-world scenarios where payments increase over time, such as salary with annual raises, lease payments with escalation clauses, or retirement income adjusted for inflation.