# Future Value of Growing Annuity Calculator

## About Future Value of Growing Annuity Calculator

The Future Value of Growing Annuity Calculator helps you calculate the future value of growing annuity (usually abbreviated as FVGA), which is the future value of a series of periodic payments that grow at a constant growth rate.

## Formula

The future value of growing annuity calculation formula is as follows:

Where:

FVGA = future value of growing annuity

C_{1} = the first payment

r = interest rate per period

g = a constant growth rate per period

n = number of periods