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A local bank's advertising states: "Give us $3,000 today, and we'll pay you $300 every...

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A local bank's advertising states: "Give us $3,000 today, and we'll pay you $300 every year forever." If you plan to live forever, what interest rate will you earn? 10.00%12.50%1.50%8.20% What is the value of the $300 every year forever if the expected return is 7.50% ? The present value of the bank deposit increases to $4,000.00. The present value of the bank deposit decreases to $2,550.00

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