Which of the following statements is incorrect? Select one: O a Other things equal, the higher the compounding frequency, the smaller the periodic interest rate: ObOther things equal the higher the compounding frequency, the larger the effective annual rate Oc an investment pays 10 percent interest compounded annually, its effective rate will be equal to 10 percent od An investment's nominal interest rate will always be equal to or smaller than its effective annual rate e Other things equal, the present value of a 5-year $100 annuity due will be smaller than that of a 5 year $100 ordinary annuity