$"$An investment will pay $$10\mathrm{.}000$ at the end of $10$ years $-$ At a discount rate of $12\%,$ the present value of $$10\mathrm{.}000$ recelved in $10$ years is $$3\mathrm{.}219\mathrm{.}73$ today. What would happen to the Present Value of the investment if you had to wait $11$ years to recelve the $$10\mathrm{.}000$ instead of $10$ years?

"The present value will be greater than $$3\mathrm{.}219\mathrm{.}73."$

"The present value will be less than $$3\mathrm{.}219\mathrm{.}73"$

The answer cannot be determined with the information provided.

The present value will remain unchanged.