This Formula Calculator calculates the future value of series of payment that increase at a constant rate with the first payment at the end of period 0.

FV : The future value.

N : The number of periods.

i% : The periodic rate.

PMT : The base periodic payment at the beginning of period zero. This payment increases by g% each period.

g% : The periodic growth rate of the payment.

- Present Value of a Graduated Annuity Due
- Present Value of a Graduated Regular Annuity
- Future Value of a Graduated Annuity Due

"You are considering the purchase of an investment that will pay $1,000 after one year, and then 4 additional payments that grow at a rate of 3% per year to account for expected inflation. If your required return is 8% per year, what is the future value of this investment?"

(Graduated Annuities Using Excel - TVMCalcs.com)

Value | Keystrokes | Display | Description |
---|---|---|---|

5 | N | 5.00 | Stores the N value. |

8 | i% | 8.00 | Stores the i% value. |

-1000 | PMT | -1,000.00 | Stores the PMT value. |

3 | g% | 3.00 | Stores the g% value. |

FV | 6,201.08 | Calculates the future value. |

Graduated Annuities Using Excel - TVMCalcs.com

Graduated Annuities on the HP 12C -TVMCalcs.com