# Growing Annuity Due Calculator - Payment Using Future Value

Use this calculator to determine the first payment of a growing annuity due using future value. A growing annuity due is a series of increasing payments paid at the beginning of successive periods.

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

## Computational Notes:

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

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

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

P =FV / (n * (1 + r)^n-1 * (1 + r))

Where:

FV = Future Value

P = First Payment

r = Discount Rate / 100

g = Payment Growth Rate / 100

n = Number Payments

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Updated March 2, 2024