How to use this calculator
- Enter first end-year payment, annual payment growth (%), annual discount rate (%), annual payments.
- Choose a display currency, then select Calculate. Results also update after a brief pause while you edit.
- Read the result with the assumptions below. Export details or save a second scenario to compare your choices.
Formula and method
PV=sum(payment₁×(1+g)^(k−1)/(1+r)^k) for k=1…n.
Assumptions and limitations
Annual end-period payments; deterministic growth and discount rate; excludes tax and credit risk.
Worked example
For the sample inputs shown above, growing annuity present value produces a first result of approximately 2857.142857. The assumptions below explain what this result represents.
What the result means
Value a finite sequence of growing payments, including equal growth and discount rates.
Common questions
How is the calculation performed?
PV=sum(payment₁×(1+g)^(k−1)/(1+r)^k) for k=1…n.
What does the model leave out?
Annual end-period payments; deterministic growth and discount rate; excludes tax and credit risk.
Methodology and transparency
Calculation specification reviewed on 2026-10-14. Mathematical implementation is tested against independent reference fixtures. This does not imply review by a licensed financial professional. Read the testing and precision policy.