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A friend asks to borrow $46 from you and in return will pay you $49...

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Finance

A friend asks to borrow $46 from you and in return will pay you $49 in one year. If your bank is offering a 6.5% 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 lend the money to your friend deposit the money in the bank , as it will result in more money for you at the end of the year.(

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