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solve, thanks! 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
solve, thanks!
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 $55,000 and will receive the $100.000 in 15 years. What interest rate is the bank paying on these CDS? What interest rate is the bank paying on these CDs? Round to two decimal places) Step by Step Solution
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