Question
A local bank will pay you $246 at the end of each year for your lifetime if you deposit $4,100 in the bank today. If
A local bank will pay you $246 at the end of each year for your lifetime if you deposit $4,100 in the bank today. If you plan to live forever, what interest rate is the bank paying? (Enter your answer as a percent rounded to 2 decimal places.)
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Stock Market Investing For Beginners
Authors: George Graham
1st Edition
1914346432, 978-1914346439
