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Inferest rafe. Upstate Bank is offering fong-term cersticates of deposit with a face valuB of $100,000 ($Aare valus). Bank cuscomers can buy sase CDs today

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Inferest rafe. Upstate Bank is offering fong-term cersticates of deposit with a face valuB of $100,000 (\$Aare valus). Bank cuscomers can buy sase CDs today for $55,000 and iff rective the 5100,000 in 20 years. What irterest rate is the bark parying on these CDa? What interest rate is the bank bayng on these CDs? (Round to tao decmal places.)

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