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Help with homework question please A local bank will pay you $275 at the end of each year for your lifetime if you deposit $4,
Help with homework question please
A local bank will pay you $275 at the end of each year for your lifetime if you deposit $4, 400 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.) Interest rate %Step by Step Solution
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