1. What regular payment will an investor receive from a RM20000, 4 years monthly payment GIC earning a nominal rate of 4.8% compounded monthly? Interest rate per payment interval is: 2. If a bank quotes nominal annual interest rates of 6.6% compounded annually, 6.5% compounded semi annually and 6.4% compounded monthly on five year GICs. Which rate should be taken by an investor who choose to invest RM5000