Which if the following statement regarding the TVM concept is false?

a. FV is greater than PV because of a positive interest rate.

b. You can grow your money quicker by increasing the compounding frequency of its APR.

c. A pair of shoes that is marked down by $20 from its original price is an example of a TVM discount.

d. $100 today is generally not equal to $ 100 ten years from now.

e. Annuities require all periodic payments to be the same amount.

Please only attempt if you can solve the question with a proper explanation. Please do not copy from Chegg.