Which of the following is true when considering the time value of money?

Multiple Choice The present value of a stream of cash flows is calculated using a factor from the present value of $1 table. 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%. Receiving $200,000 today is equivalent to receiving $50,000 at the end of each of the next four years. 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.