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Interest rate. Upstate Bark is offering long-tern certficates of deposit with a face value of $100,000 (tuture value). Bank cuistomiers can buy these C0s loday

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Interest rate. Upstate Bark is offering long-tern certficates of deposit with a face value of $100,000 (tuture value). Bank cuistomiers can buy these C0s loday for $55.000 and will receive the $100,000 in 20 years. What interost rate is the bank paying on these CDs? What interest tale is the bank paying on these CDs? 16. (Round to two decinal places.)

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