Which of the following statement is most likely to be true?i$)$ For a given interest rate, the longer the time period, the lower the present value; ii$)$ For a given time period, the higher the interest rate, the smaller the present value.Select one: a$.$ Both of them are true O b$.$ Both of them are false c$.$ i$)$ is true and ii$)$ is false d$.$ i$)$ is false and ii$)$ is true