A local bank is running the following advertisement in the newspaper: For just $ 9 5 0
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Question:
A local bank is running the following advertisement in the newspaper: "For just $ we will pay you $ forever!"
The fine print says that for a $ deposit, the bank will pay $ every year in perpetuity, starting one year after the
deposit is made. What interest rate is the bank advertising what is the rate of return of this investment
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