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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%

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: How much money could you borrow today if you pay the bank $49 in one year

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