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Question content area top Part 1 Interest rate. Upstate Bank is offering long-term certificates of deposit with a face value of $100,000 (future value). Bank
Question content area top
Part 1
Interest
rate.
Upstate Bank is offering long-term certificates of deposit with a face value of
$100,000
(future value). Bank customers can buy these CDs today for
$35,000
and will receive the
$100,000
in
30
years. What interest rate is the bank paying on these CDs?
Question content area bottom
Part 1
What interest rate is the bank paying on these CDs?
enter your response here%
(Round to two decimal places.)
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