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Answer this question based on the following three statements: 1. An annuity due has a greater future value than an ordinary annuity if they both have the same periodic payments, discount rate, and time period. 2. As the term of a mortgage increases, holding interest rates constant, the monthly payments will decrease. 3. The effective annual rate of a Canadian mortgage is lower than the APR because of semi-annual compounding. O a. Both 1 and 3 are correct. O b. Only 1 is correct. O c. Only 2 is correct. O d. Only 3 is correct. Roth 2 and 3 are correct