Which of the following statements is FALSE about interest rates? Select one: O a. The annual percentage rate indicates the amount of simple interest earned in one year. O b. The effective annual rate indicates the amount of interest that will be earned at the end of one year, O c. The annual percentage rate indicates the amount of interest including the effect of compounding, O d. As 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 cash flows