Which of the following statements is correct, assuming positive interest rates and other things held constant? Question 3 options: A 6-year, $1,000 ordinary annuity will have a higher present value than a similar annuity due. A 30-year, $100,000 amortized mortgage will have larger monthly payments than an otherwise similar 20-year mortgage. A typical investment's nominal interest rate will always be equal to or less than its effective annual rate. If an investment pays 10% interest, compounded annually, its effective annual rate will be greater than 10%