Currently, you have RM60,000 (Malaysian ringgit) that you would like to invest for 2 years and are considering buying a Malaysian government security maturing in 1 year that pays 4 percent annually. If you do this, you will also have to purchase another 1-year security at the end of the first year. The alternative is to invest in a Malaysian government security that matures in 2 years; currently, 2-year Malaysian government securities are paying 3 percent annually. If you invest your money for 1 year and then after 1 year reinvest it for another year, what rate will you have to earn in order to make the two alternatives equal?