Which of the following statements is FALSE? A$.$

Because interest rates may be quoted for different time$$ intervals, it is often necessary to adjust the interest rate to a time period that matches that of our cash flows.

B$.$

The effective annual rate indicates the amount of interest that will be earned at the end of one year.

C$.$

The annual percentage rate indicates the amount of simple interest earned in one year.

D$.$

The annual percentage rate indicates the amount of interest including the effect of compounding.