Figure: 34 TAC §9.4031(e)(2)

PV = CF1 × (PWF1) + CF2 × (PWF2) + ... CFn × (PWFn)

where:

PV = present value $;
CF = the cash flow or income for the period specified $;
PWF = the end of period present worth factor, equals 1/((1+i)ⁿ);
i = discount rate (the period compound interest rate);
n = the period for the present worth factor being calculated.