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Amir has an current account that shows a balance of RM2,523.50 on January 1, 2020. She wants to make five withdrawals of RM700 each on
Amir has an current account that shows a balance of RM2,523.50 on January 1, 2020. She wants to make five withdrawals of RM700 each on December 31 of years 2020 through 2024. Amir wants the account to have a balance of RM0 on December 31, 2024. In order to proceed with his plans, what annual interest rate does Amir need on her account, assuming that annual interest earnings are added to the principal on December 31 of each year?
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