A bank offers a rate of 5.3% compounded semiannually on its four -year GICs. What monthly and annually compounded rates should it quote in order to have the same effective interest rate at all three nominal rates?

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0 yr1 yr2 yr3 yr4

P =

i = 5.3%/2

n = 4

p(1 + 0.053/2)^2 * 4

That's as far as i got and after that i am stuck on what to do next?