If the interest rate is zero, then $100 to be paid in 10 years has a present value that is
less than $100, more than $100, exactly $100, Indeterminate.

Solution:

The present value of $100 in 10 years at an interest rate of 0% is $100. It is because there is no return in the form of interest on the investment.

Present Value = Future Value/ (1+interest)^years

PV = 100/(1+0)¹⁰

= 100/1¹⁰ =100

If the interest rate is other than zero then the value increases every time.

If the interest rate is zero, then $100 to be paid in 10 years has a present value that is
less than $100, more than $100, exactly $100, Indeterminate.

Summary:

If the interest rate is zero, then $100 to be paid in 10 years will be $100.