Growing Ordinary Annuity Calculator - Present Value

Use this calculator to determine the present value of a growing ordinary annuity which is a series of increasing payments paid at the end of successive periods.

Growing Ordinary Annuity Calculator - Present Value
Payment ($):
Discount Rate (%):
Payment Growth Rate (%):
Number Payments:
Present Value
   Do not enter $ or % in any field.

Computational Notes:

If the discount rate and the growth rate are not equal, the present value formula is:

PV = P / (r -g) * [1 - ((1 + g) / (1 + r ))^n]

If the discount rate and the growth rate are equal, the present value formula is:

PV = P * n / (1 + r)

Where:

PV = Present Value

P = Payment

r = Discount Rate / 100

g = Growth Rate / 100

n = Number Payments

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Updated February 28, 2024.