Which of the following NOT TRUE?

When a loan is amortized over a ten$-$year term, the amount of interest paid is decreased each year.

The effective annual rate of interest will always be equal to or larger than the nominal annual rate of interest.

The rate of return is also called the discount rate, the hurdle rate, and the opportunity cost of capital.

A perpetuity is defined as a set of equal cash flows occurring at equal intervals of time

for a specified period.