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Business, 18.12.2019 03:31 brenda9495

Afriend asks to borrow $52 from you and in return will pay you $55 in one year. if your bank is offering a 5.6% interest rate on deposits and loans: a. how much would you have in one year if you deposited the $52 instead? b. how much money could you borrow today if you pay the bank $55 in one year? c. should you loan the money to your friend or deposit it in the bank?

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Afriend asks to borrow $52 from you and in return will pay you $55 in one year. if your bank is offe...
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