rodriguezg16
rodriguezg16
01.09.2021 • 
Business

A friend asks to borrow from you and in return will pay you in one year. If your bank is offering a interest rate on deposits and​ loans: a. How much would you have in one year if you deposited the ​instead? b. How much money could you borrow today if you pay the bank in one​ year? c. Should you loan the money to your friend or deposit it in the​ bank?

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