Question 42: (1 Point) Which of the following statements is true? 1. If the rate at which you can invest is 0%, the value today of $1 to be received in the future is less than $1. II. Present value is the value today of future cash flows discounted at the appropriate discount rate. III. Present values are always smaller than future values when both rand t are positive O II and Ill only O I and II only O lll only O ll only O I only