Aggieland Credit Union offers to lend Bob $24,000 to buy a car; the loan calls for payments of $544.59 at the end of each month for 4 years. Which of the following statements is most FALSE?

Group of answer choices

a. The monthly rate of interest is 0.3542 percent.

b. The nominal annual rate of interest is percent 4.25 percent.

c. The effective annual rate of interest is 4.2162 percent.

d. If the loan were for 3 years, the payment would be $711.25.

e. If the loan were for 5 years, the payment would be $444.71.