We wish to discount $1,000 to be received in 5 years. Which of the following is TRUE about using the function =PV (rate,nper,pmt [fv].[type]) if the 'rate' is specified as an annual rate of 0.05 and 'nper' is 5? Select one: a. We cannot use the PV function as it can only be used to discount multiple cash flow payments not a single cashflow. b. To use the PV function to discount a single cashflow we would specify 'pmt' as zero, and fv' as the single amount we wish to discount. C. To use the PV function to discount a single cashflow we would specify pmt' as that single amount, $1,000, and 'fu' as zero. d. To use the PV function to discount a single cashflow we word specify 'pmt' as that single amount, $1,000, and would leave the 'fv blank as it is not required