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Business, 08.10.2019 19:00 Vanina2001
Alocal bank is running the following advertisement in the newspaper: "for just $ $2,000 we will pay you $140 forever! " the fine print in the ad says that for a $2,000 deposit, the bank will pay $140 every year in perpetuity, starting one year after the deposit is made. what interest rate is the bank advertising (what is the rate of return of this investment)?
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Alocal bank is running the following advertisement in the newspaper: "for just $ $2,000 we will pay...
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