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A friand asks to bortow $51 from you and in return will pay you $54 in one year. If your bank is oflering a 5.6%

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A friand asks to bortow $51 from you and in return will pay you $54 in one year. If your bank is oflering a 5.6% interost rate on doposits and loans: a. How much would you have in one year if you deposited the 551 instead? b. How much monny could you borrow today if you pay the bank $54 in one yoar? c. Should you loan the money to youf friend or deposit it in the bark

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