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A friend asks to borrow $ 4 8 . 0 0 from you and in return will pay you $ 5 1 . 0 0

A friend asks to borrow $48.00 from you and in return will pay you $51.00 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 $48.00 instead?
b. How much money could you borrow today if you pay the bank $51.00 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 $48.00 instead?
If you deposit the $48.00 in the bank today, you will have $ in one year. (Round
to the nearest cent.)
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