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A friend asks to borrow S63 from you and in return will pay you $65 in one year. If your bank is offering 7% interest

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A friend asks to borrow S63 from you and in return will pay you $65 in one year. If your bank is offering 7% interest on deposits and loans: a. How much would you have in one year if you deposited the $63 instead? Round your answer to the nearest cent.) b. How much money could you borrow today if you pay the bank $65 in one year? $ Round your answer to the nearest cent.) c. Should you loan the money to your friend or deposit it in the bank? O Deposit it in the bank O Loan the money to your friend Click to s 5

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