Which of the following is/are true regarding Present Value and Future Value? I For a given interest rate - the longer the time period, the higher the present value II. For a given time period - the higher the interest rate, the higher the present value Multiple Choice I only O only O Both are True Neither are True You have just matched all of the winning numbers of the recent Mega Gillions drawing. The jackpot was $100,000,000. Your choices are to receive your prize in equal annual installments of $5,000,000 over the next 20 years, or take a lump sum payment of $63,000,000 today. Leaving out the effect of taxes, and assuming a discount rate of 5% annually, which is the better option in terms of present value? Multiple Choice Installments Lump sum The present values of each option are the same Cannot determine based on the information given