Question: A friend asks to borrow $ 4 9 . 0 0 from you and in return will pay you $ 5 2 . 0 0

A friend asks to borrow $49.00 from you and in return will pay you $52.00 in one year. If your bank is offering a 6.3% interest rate on deposits and loans:
a. How much would you have in one year if you deposited the $49.00 instead?
b. How much money could you borrow today if you pay the bank $52.00 in one year?
c. Should you loan the money to your friend or deposit it in the bank?
a. How much would you have in one year if you deposited the $49.00 instead?
If you deposit the $49.00 in the bank today, you will have $52.09 in one year. (Round to the nearest cent.)
b. How much money could you borrow today if you pay the bank $52.00 in one year?
If you pay the bank $52.00 in one year, you will be able to borrow $ today. (Round to the nearest cent.)
A friend asks to borrow $ 4 9 . 0 0 from you and

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