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A bank charges interest of J4 = 7.258%. What is this expressed as a. on a per annum compounded semi-annual basis? [4] b. on a

A bank charges interest of J4 = 7.258%. What is this expressed as a. on a per annum compounded semi-annual basis? [4] b. on a per annum compounded once every three year basis? [4] Terence Tuatara borrowed $11,258 eight months ago. He agreed to repay the loan 11 months from today at the interest rate determined above. c. How much will he have to pay back? [2] d. The bank says that Terence can pay back $11,852 today to settle the loan completely. Should Terence accept this offer? [

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