I see that there is an option for "Is the first amount and period different".
It doesn't give them an option. It simply causes the first purchase of the plan to have a different price and duration. It allows adding a free trial to a plan or an introductory price for example.
I'd like to give the user the option to pay for 1 year at $100 OR pay for 3 years at $200.
You'll need to create 2 different plans for that.