A local bank will pay you $152 a year for your lifetime if you deposit $1,900 in the bank today....

Rawn.p

A local bank will pay you $152 a year for your lifetime if you deposit $1,900 in the bank today. If you plan to live forever, what interest rate is the bank paying? (Round your answer to 2 decimal places.)

 

    • 13 years ago
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