Present value calculation Without referring to the preprogrammed function on your financial calculator, use the basic formula for present value, along with the given discount rate, ^, and the number of periods, n, to calculate the present value of $1 in the case shown in the following table. (Click on the icon located on the top-right corner of the data table below in order to copy its contents into a spreadsheet.) Opportunity cost, r Number of periods, n 14% 10 The present value of $1 is (Round to three decimal places.)The present value, PV, of some future amount, FV, to be received n periods from now, assuming an interest rate (or opportunity cost) of r, is calculated as follows: FVn PV = - (1 +r)n