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core: 0 of 1 pt 2 of 13 (0 complete) HW Score: 0%, 0 of 13 pt - 3-12 (similar to) Question Help A friend

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core: 0 of 1 pt 2 of 13 (0 complete) HW Score: 0%, 0 of 13 pt - 3-12 (similar to) Question Help A friend asks to borrow $52 from you and in return will pay you $55 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 $52 instead? b. How much money could you borrow today if you pay the bank $55 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 $52 instead? if you deposit the money in the bank today you will have $ in one year. (Round to the nearest cent.)

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