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Which organizational forms give their owners limited liability? Homework Help! A friend asks to borrow $52 from you and in return will pay you $55
Which organizational forms give their owners limited liability? Homework 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 5.9% 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.) b. How much money could you borrow today if you pay the bank $55 in one year? You will be able to borrow $ today. (Round to the nearest cent.) c. Should you loan the money to your friend or deposit it in the bank? (Select from the drop-down menu.) V, as it will result in more money for you at the From a financial perspective, you should end of the year. lend the money to your friend deposit the money in the bankStep by Step Solution
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