Which of the following statements regarding TVM (Time Value of Money) is FALSE?

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

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

3.A bank loan's effective annual rate can be equal to its stated nominal interest rate.

4.According to the amortization schedule of a 30-year loan, the monthly principal payments will increase over time.

5.An annuity due has a higher future value and a higher present value than an ordinary annuity with the same cash flows and discount rate in the same period.