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You expect to have $ 6 comma 0 0 0 in one year. A bank is offering loans at 9 % interest per year. How

You expect to have $6 comma 000 in one year. A bank is offering loans at 9% interest per year. How much can you borrow today?
a. How much would you have in one year if you deposited the $52.00instead?
b. How much money could you borrow today if you pay the bank $55.00 in one year?
c. Should you loan the money to your friend or deposit it in the bank?

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