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A friend asks to borrow $ 4 8 from you and in return will pay you $ 5 1 in one year. If your bank

A friend asks to borrow $48 from you and in return will pay you $51 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 instead?
b. How much money could you borrow today if you pay the bank $51 in one year?
c. Should you loan the money to your friend or deposit it in the bank?
Please round to nearest cent! Thank you!
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