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Your cousin is currently 12 years old. She will be going to college in 6 years. Your aunt and uncle would like to have $100,000 in a savings account to fund her education at that time. If the account promises to pay a fixed interest rate of 4.5% per year, how much money do they need to put into the account today to ensure that they will have $100,000 in 6 years? The amount they need to put away today is $ (Round to the nearest cent.) Question 4 This Quiz: 4 pts possible A friend asks to borrow $46 from you and in return will pay you $49 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 $46 instead? b. How much money could you borrow today if you pay the bank $49 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 $46 instead? If you deposit the money in the bank today you will have $ in one year. (Round to the nearest cent.) b. How much money could you borrow today if you pay the bank $49 in one year? You will be able to borrow $ today. (Round to the nearest cent.) c. Should you loan the money to your friend or deposit it in the bank? (Select from the drop-down menu.) From a financial perspective, you should money for you at the end of the year. as it will result in more