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A lacal bank's advertising reads: Glve us $10,000 today, and we7l pay you $3,600 every year forever, If you plan to live forever, what annual

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A lacal bank's advertising reads: "Glve us $10,000 today, and we7l pay you $3,600 every year forever, If you plan to live forever, what annual ieterest rate will you eam on your deposit? Oops! When you went in to make your deposit; the bank representative said the amount of required deposit reported in the advertisement kas incorrect and should have read:515,000. This revision will the interest rate earned on your deposited funds. The change to your required deposit will cause your earned interest rate to change to

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