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A local bank will pay you $135 a year for your lifetime if you deposit $3,000 in the bank today. If you plan to live

A local bank will pay you

$135

a year for your lifetime if you deposit

$3,000

in the bank today. If you plan to live forever, what interest rate is the bank paying?\ Note: Enter your answer as a percent rounded to 2 decimal places.\ Interest rate\

%
image text in transcribed
A local bank will pay you $135 a year for your lifetime if you deposit $3,000 in the bank today. If you plan to live forever, what interest rate is the bank paying? Note: Enter your answer as a percent rounded to 2 decimal places

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