Luis is going to receive $20,000 six years from now. Soo Lee is going to receive $20,000 nine years from now. Which one of the following statements is correct if both Luis and Soo Lee apply a 7 percent discount rate to these amounts?

A.) In todays dollars, Luis money is worth more than Soo Lee's

B.)The present value of Luis and Son lee monies are equal

C.)In future dollars, Too Lee money is worth more than Luis