1. Effective Rate of Interest a.) Compute for the effective rate of interest per quarter of a debt with an interest rate of 16% compounded bimonthly. b.) Your sibling wants to help you for your expenses for the first semester of the school year by depositing an amount of PHP 3500 today for you to buy school supplies. She wants you to receive additional amounts of PHP 5000 at the end of the first month and PHP 7,000 at the end of the third month for allowance purposes. Determine the total amount she needs to deposit today if the money will earn an interest of 12% compounded quarterly