Question 3 For a sum of money borrowed at 16% compounded quarterly for 2 years, state (a) the nominal annual rate of interest (j): Blank 1% (b) thenumber ofcompounding periods per year (m): Blank 2 (c) theperiodic rate of interest (i) (Round to three decimal places if needed): Blank 3% (d) the number of compounding periods in the term (n): Blank 4 (e) the numerical value of the compounding factor, (1 + /)" , (Round to three decimal places if needed): Blank 5 Blank 1 Add your answer Blank 2 Add your answer Blank 3 Add your answer Blank 4 Add your answer Blank 5 Add your