$8.$ In regard to Long Term Finance, which of the following statement is incorrect?

a$.$ Collaterals are the most primary condition for the furnishing of long$-$term finance.

b$.$ A large volume of funds can be obtained. However, the same is restricted to the nature of securities furnished, the credit rating of a borrower, etc.

c$.$ Obtained to fund the purchase of Property, Plant and Equipment or capital projects on a wide scale.

d$.$ Have a longer time span varying from $1$ to $30$ years.

e$.$ Interest rates are not stable, and the loan terms do not offer flexibility such as prepayment options, or re$-$negotiation of interests upon improvement in credit rating. $13.$ On its savings accounts, the First National Bank offers a $5$ percent nominal interest rate that is compounded monthly.

Savings accounts at the Second National Bank have the same effective annual return, but interest is compounded quarterly.

What nominal rate does the Second National Bank offer on its savings accounts?

a$.5\mathrm{.}02\%$

b$.5\mathrm{.}12\%$

c$.5\mathrm{.}22\%$

d$.1\mathrm{.}28\%$

e$.5\mathrm{.}00\%$