Effect of Rate on Discounting

Based on the present value formula we have learned and the plot you just made, which of the following is true?

50 XP

Higher discount rates lead to higher present values with a larger effect over a longer time period.
press1
Higher discount rates lead to lower present values with a larger effect over a longer time period.
press2
Higher discount rates lead to higher present values with a smaller effect over a longer time period.
press3
Higher discount rates lead to lower present values with a smaller effect over a longer time period.
press4