Future value of a growing annuity

Description

Future value is the value of an asset or cash at a specified date in the future, based on the value of that asset in the present. Future value of an annuity is the future value of a stream of payments (annuity), assuming the payments are invested at a given rate of interest.
The future value of a growing annuity formula has five variables.

Related formulas

Variables

FVgAFuture value of the growing annuity (dimensionless)
AThe value of the individual payments in each compounding period (dimensionless)
iThe discount rate, or the interest rate at which the amount will be compounded each period (dimensionless)
nThe number of periods (dimensionless)
gThe growing rate of payments over each time period (dimensionless)