A lottery winner receive

A lottery winner receive

A lottery winner receive 26 payments of 11 million each, the Present value is estimated at 168 million dollars with a 4.47 interest rate. will the present value rise or fall if the interest rate is 3% why?I know there’s a formula for this question. But the part that gets to me is explaining WHY. Aside from telling the answer by number, can someon explain why please? Thanks!

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