Question 16 Not yet saved A bank term deposit offers an interest rate of 5.8% pa, payable semi-annually. Which of the following statements about the interest rate is NOT correct? All rates are given to four decimal places. Assume 12 months in a year, and 365 days in a year. Marked out of 1.00 P Flag question O a. The effective annual rate is 5.8841% per annum. O b. The effective daily rate is 0.0159% per month. C. The effective 6 month rate is 2.9000% per six months. O d. The APR compounding semi-annually is 5.8000% per annum. e. The APR compounding monthly is 5.7311% per annum