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A local bank is running the following advertisement in the newspaper: For just $ 3 comma 0 0 0 3 , 0 0 0 we

A local bank is running the following advertisement in the newspaper: "For just $3 comma 0003,000 we will pay you $270270forever!" The fine print in the ad says that for a $3 comma 0003,000deposit, the bank will pay $270270 every year in perpetuity, starting one year after the deposit is made. What interest rate is the bank advertising(what is the IRR of this investment)?

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