Which of the following statements regarding TVM is CORRECT?

Group of answer choices

The present value of a future sum increases as either the discount rate or the number discount periods per year decreases.

There is an inverse relation between PVIFA and FVIFA with the same interest rate and number of periods.

An annuity due has a higher future value but a lower present value than an ordinary annuity with the same cash flows in the same period.

According to the amortization schedule of a $30-$year loan, the monthly payments will decline over time.

A bank loan's effective annual rate is always greater than its stated nominal interest rate.