Does the present value of a given amount to be paid in 10 years increase or decrease

Question:

Does the present value of a given amount to be paid in 10 years increase or decrease if the interest rate increases? Suppose that the amount is due in 5 years? 20 years? Does the present value of an o be paid for to years increase or decrease if the decreases? Suppose that the is for 5 years? 20 years?

Annuity
An annuity is a series of equal payment made at equal intervals during a period of time. In other words annuity is a contract between insurer and insurance company in which insurer make a lump-sum payment or a series of payment and, in return,... Discount Rate
Depending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...