How much would you have in one year

Reference no: EM131977272

Question: A friend asks to borrow $55 from you and in return will pay you $58 $58 in one year. If your bank is offering a 5.7% interest rate on deposits and loans:

a. How much would you have in one year if you deposited the $55 instead?

b. Should you loan the money to your friend or deposit it in the bank?

Reference no: EM131977272

Questions Cloud

Acceleration due to gravity : Calories are expected in a single climb up the rope? The acceleration due to gravity is 9.8 m/s 2 and 1 food Calorie is 103 calories.

Determine what is the beta of your portfolio : A friend says that she expects to earn 13.00% on her portfolio with a beta of 1.75. You have a two-asset portfolio including stock X and a risk-free security.

Calculate the final speed of a solid cylinder : Calculate the final speed of a solid cylinder that rolls down a 1.96-m-high incline. The cylinder starts from rest, has a mass of 0.673 kg

Analyze appropriate evidence handling for a cybersecurity : Analyze how the type of legal dispute (for example, civil, criminal, or private) affects the evidence used to resolve it.

How much would you have in one year : A friend asks to borrow $55 from you and in return will pay you $58 $58 in one year. If your bank is offering a 5.7% interest rate on deposits and loans.

What is the speed of the wire when pulled : What is the speed of the wire when pulled with 1.0 N? -answer units m/s What is the strength of the magnetic field? -answer units in T

Baseball with a de broglie wavelength : What is the speed of a 204 g baseball with a de Broglie wavelength of 0.210 nm?

What would the annual yield to maturity be on the bond : Fresh Fruit, Inc. has a $1,000 par value bond that is currently selling for $1,227. It has an annual coupon rate of 12.86 percent, paid semiannually.

What channels of communication should john enlist to assist : What primary laws, regulations, or statutes have been violated by this lack of attention to controls, leading to this serious breach of security?

User Account

All Pages