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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 $ we will pay you $ forever The fine print in the ad 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 advertisingwhat is the rate of return of this investment
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The interest rate the bank is advertising is Round to the nearest integer.
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