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Alocal bank is running the folowing advertisement in the newspaper. For just $1,000 we will pay you $100 forevert The tre print in the ad

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Alocal bank is running the folowing advertisement in the newspaper. "For just $1,000 we will pay you $100 forevert" The tre print in the ad says that for a 51,000 depost the bark will pay $100 every year in perpetuity, starting one yoar after the deposit is made. What intereut rate is the bank adverising (What is the rate of return of this investment)? The interent tate the bank is advertising is is. (Round to the noacest intogec)

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