Question
please solve for all parts A tt.end asks to borrow S50 from you and In return pay you S53 In one year If vow bank
please solve for all parts
A tt.end asks to borrow S50 from you and In return pay you S53 In one year If vow bank is oftenng a 5 7% Intelest rate on deposits and loans a. How much would you have In one year d you deposited the S50 Instead9 b. How much money could vou hollow today you pay the bank S53 In one year? c. Should you loan the money to your toend or deposit It In 'he bank9 a. How much would you have In one year d you deposited the $50 Instead? It you depos't the money in the bank today you WNI have SD n one (Round '0 the nearest cent ) b. How much money could you borrow today It you pay the bank $53 in One year? You be able to borrow SD (Round to the nearest cent ) c. Should you loan money to yout mend Or deposit tho hank? (Select from the drop.down menu ) From a perspectlvo, you should the ond tho result in moro money for you
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