For a sum of money borrowed at 7.25% compounded bi-weekly for 84 months, state the nominal annual rate of interest (j); ___________________ 3 marks the number of compounding interest periods per year (m);__________________ 3 marks the periodic rate of interest (i);____________________ 3 marks the number of compounding periods in the term (n);____________________ 3 marks the compounding factor ;______________________ 3 marks f. the numerical value of the compounding factor.____________________ 3 marks The answers for the above are given below: a. j= 7.25% b. m= 26 c. i = 0.2788% rounded d. n= 182 e. compounding factor is ( 1 + .002788 ) 182 f. Numerical value is 1.65966 rounded TRUE OR FALSE SOLVE IN DETAILS