Which of the following is true when considering the time value of money? Multiple Choice The present value of 5 years of annual cash flows discounted at 14% IS less than the present value of the same stream of payments discounted at 16% The present value of a single payment received two years in the future is greater than the present value of that same payment received four years in the future. Recelving $200.000 today is equivalent to receiving $50.000 at the end of each of the next four years, The present value of a stream of cash flows is calculated using a factor from the present value of $1 table