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A local bank is running the following advertisement in the newspaper: For just $ 1 , 0 0 0 we will pay you $ 8

A local bank is running the following advertisement in the newspaper: "For just $ 1,000 we will pay you $ 80forever!" The fine print in the ad says that for a $ 1,000deposit, the bank will pay $ 80 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)?
Part 1
The interest rate the bank is advertising is ______________%.(Round to the nearest integer.)

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