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A local bank will pay you $ 1 3 2 a year for your lifetime if you deposit $ 1 , 6 0 0 in

A local bank will pay you $132 a year for your lifetime if you deposit $1,600 in the bank today. If you plan to live forever, what interest rate is the blank paying?
Note: Enter your answer as a percent rounded to 2 decimal places.
Interest rate
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