Present value The present value of $1 available at the start of the next period is PV 1+r And the present value of $m available at the start of the next period is PV= 1+rPresent Value The present value of $1 available at the start of the next period is And the present value of $m available at the start of the next period is PV r = + 1 1 . PV m r = 1+