Question 24 1 pts Your bank account pays 15.82% interest rate, compounded semi-annually. Which of the following is true? The periodic rate of interest is 7.91% and the effective rate of interest is 15.96% The periodic rate of interest is 8.54% and the effective rate of interest is 16.94% The periodic rate of interest is 7.44% and the effective rate of interest is 15.13% The periodic rate of interest is 7.91% and the effective rate of interest is 17.44% The periodic rate of interest is 7.91%, and the effective rate of interest is 16.45%