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Interest rate . Upstate Bank is offeringlong-term certificates of deposit with a face value of P3-20 (Similar 110) 55 Question Help 'O Interest rate. Upstate

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Interest rate.Upstate Bank is offeringlong-term certificates of deposit with a face value of

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P3-20 (Similar 110) 55 Question Help 'O Interest rate. Upstate Bank is offering longterm certicates of deposit with a face value of $100,000 (future value). Bank customers can buy these CDs today for $40,000 and will receive the $100,000 in 18 years. What interest rate is the bank paying on these CDs? What interest rate is the bank paying on these CDs? Inn/o (Round to two decimal places.)

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