# Present Value of Growing Annuity Calculator

## About Present Value of Growing Annuity Calculator

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

## Formula

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

Where:

PVGA = present 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