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What interest rate is the bank paying on cds

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Reference no: EM132811999

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 25 years. What interest rate is the bank paying on these? CDs?

Reference no: EM132811999

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