You are about to make an investment and there are three alternative $($A$1,$ A$2,$ and

A$3)$ investment plans offered to you that you are considering. All the three plans will

pay you equal Rupee amount in two years time, but:

$$ Theinterest rate offered in A$1$ and A$2$ is same but the compunding for

A$2$ is monthly and A$1$ is quarterly

$$ Compounding frequency for A$3$ and A$2$ is same but the interest rate

offered in A$3$ is higher

The present value of which alternative will be lowest?

A$.$ A$2$

B$.$ A$3$

C$.$ A$1$