Present and Future Values of Growing Annuities

Annual saving (A)

Number of years (n, <= 20)
Interest rate (rr, % per year)
Growth rate (g, % per year)

$1,000
10
8.00%
4.00%

Adjusted interest rate (k, % per year)

3.85%
Computations using
Table
Formulas
Functions

Annuity in arrears
Present value
Future value

$8,173
$17,646

$8,173
$17,646

$8,173
$17,646

Annuity in advance
Present value
Future value

$8,488
$18,324

$8,488
$18,324

$8,488
$18,324

Time
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

Table for annuity in arrears

Cash flow
PV
FV
$1,040
$1,082
$1,125
$1,170
$1,217
$1,265
$1,316
$1,369
$1,423
$1,480

$963
$927
$893
$860
$828
$797
$768
$739
$712
$686

$2,079
$2,002
$1,928
$1,856
$1,788
$1,721
$1,658
$1,596
$1,537
$1,480

Table for annuity in advan

Cash flow
$1,000
$1,040
$1,082
$1,125
$1,170
$1,217
$1,265
$1,316
$1,369
$1,423

Table for annuity in advance

PV
FV
$1,000
$2,159
$963
$2,079
$927
$2,002
$893
$1,928
$860
$1,856
$828
$1,788
$797
$1,721
$768
$1,658
$739
$1,596
$712
$1,537