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A local bank will pay you $119 at the end of each year for your lifetime if you deposit $2,800 in the bank today. If

A local bank will pay you $119 at the end of each year for your lifetime if you deposit $2,800 in the bank today. If you plan to live forever, what interest rate is the bank paying? O a. 1.25% b. 2.25% c. 3.25% d. 4.25%

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