You are evaluating an annuity that pays $$2,000$ at the end of eachof the nest $10$years Assuminga postie interest rate,

which one of the following is FALSE

The present value of the annuity is less than S$20,000.$

The future vatue of the annuity is greater than S$20,000.$

The lower the interest rate, the higher the annuity's present calie.

Tre future value of the annuity would be higher it the payment were neceived at the begianing of each year

The preseat value of the annuity sould be lower ff the payments were necervet at the beginning of exch year