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A local bank's advertising reads: Give us 45,000 today, and we'll pay you $200 every year forever. If you plan to live forever, what annual
A local bank's advertising reads: "Give us 45,000 today, and we'll pay you $200 every year forever." If you plan to live forever, what annual interest rate will you earn on your deposit?
.44%
.70%
.40%
.53%
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